J&J effort to resolve talc lawsuits in bankruptcy fails a second time (www.reuters.com)

submitted 2 years ago by [email protected] to c/[email protected]

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NEW YORK, July 28 (Reuters) - A U.S. judge on Friday shot down Johnson & Johnson's (JNJ.N) second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed.

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[-] [email protected] 6 points 2 years ago

in the "corporations are people" doom-world, imagine if a person tried this: "I have a billion dollars at my disposal but the part of me that answers to legal judgments is bankrupt." I've seen some audacious claims in my day but this is an absolute jaw-dropper.

[-] [email protected] 3 points 2 years ago* (last edited 2 years ago)

If I knowingly and intentionally spent 50 years giving mothers and children cancer, I might face some kind of consequences. But if I take their money while doing it, worst case I might have to give a small fraction of it back.

this post was submitted on 28 Jul 2023

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