Posts Tagged 'Texas two step bankruptcy'

Johnson & Johnson Legal Exploit Spurs Congressional Reaction, Legislation

congress introduces bill to close J&J loopholeRecoiling in horror from the unconscionable exploit of the American legal system perpetuated by Johnson & Johnson in sidestepping its liability for millions of potential cases of cancer across the country, members of Congress have introduced the Nondebtor Release Prohibition Act of 2021. The legislation would help close the kind of legal loopholes that J&J used to unload its talc asbestos liability onto a newly created company ...

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Johnson & Johnson Uses Legal Exploit to Evade Talc Asbestos Liability

Johnson & Johnson uses Texas two step bankruptcy to shield itself from talc asbestos liabilityWell, they did it. To anyone who was hoping that the corporation once revered as one of the world’s most trusted and wholesome names in healthcare goods would abandon a plan so sinister that it drew criticism even at its mere mention, Johnson & Johnson would like you to know that your hope was woefully misplaced.

When reports surfaced this ...

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