I'm against corporal punishment, but I think there are white collar crimes that should carry the death penalty.

Isn't that the point of limited liability corporations? To move profits into private pockets while keeping liabilities in the corporation?

The bankruptcy is a plan in place with counsel representing claimants so they can free up cash reserves and pay them.

Notably, our appeal recently was joined by counsel representing the vast majority of the talc claimants," he said.

They don't have enough cash on hand, so they bankrupt part of the company and sell.

Everyone should read the article.

Considering that the settlements could be upwards of 750 billion, maybe they're just pre-declaring.

Also, it’s not J&J filing for bankruptcy, but a spin-off subsiduary that they created after the fact and have given all the IP rights to.

General Motors tried this same garbage tactic to get out of paying for their liability with mercury switches. General Motors declared bankruptcy, then created a NEW company called...General Motors. They transferred all the assets from old GM to new GM, and left all the liabilities with old GM. It took years, but a number of states sued and got a settlement.

So if a company files bankruptcy and they hold IP and patents that should void all IP and patents. At least that's how it should work.

There's gotta be a better way to rephrase that and end up with a different abbreviation than "I ANAL." 😂

Purdue mostly got away with what they did though. Half a million dead and just a relative slap on the wrist by comparison.

That movie haunts me to this day. Ivanka seemed like the best of the lot and well, that didn't turn out great.

Ill believe corporations are people when Texas executes one.

A little baby powder will protect them.

My question is, when this shit passed, why did no one tell those fucks, "ok you're people too, which means the laws that pertain to a person are now applicable to whatever CEO and board members approved decisions that broke those laws." As it is right now, those fuckers get their cake and eat it too and it infuriates me to no end.

That aged well.