231–240 of 336 posts
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Here's the problem. Who? The CEO and eveyone near him is rich, they company going out of business won't affect them. I'm sure they'll be able to get high paying jobs. In fact the negative association with this case would have me wanting to move on
Owners. Behind all of the corporate management theatre are always some owners that will squeeze everyone in any way possible to protect their money.
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Are you saying the company shouldn't have to pay people it harmed in the past, so that it has money to pay people it might harm down the road?
That’s not what I said and you’d know that if you read my response or the Matt Levine article quoted by many people here.
However, for companies like J&J that aren't actually going bankrupt, this process also allows them to protect their business and to pay less than they would normally. Otherwise, why wouldn't they just file for bankruptcy directly?
This agency https://www.cancer.org/cancer/risk-prevention/chemicals/talc... seems to downplay the risk of cancer. Is it possible Johnson and Johnson have been maligned? I'm not an advocate, I'd be interested in seeing significant evidence that their product causes cancer. However, I'd like to see a firm distinction between talc and talc contaminated with asbestos. The link with asbestos and cancer is clear. I'm not c…
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Potentially but it's also a waste of our judicial system resources to have 12 identical cases going at the same time. However if you like paying for legal admin fees on both side its a great way to make sure lawyers get paid.
There's something to be said for making this as painful and costly as possible for J&J.
Two things: 1. We need a federal anti-SLAPP law. 2. Discovery is a bitch, J&J.
J&J is certainly no stranger to discovery considering they’ve been sued hundreds of times over this product.
They're one of the "wow! Maybe we should use the corporate death penalty" companies
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We need a Journal of Medicore Results, or a Journal of Tried it and it Didn't Work. As with social media and society in general, only the most inflated of headlines gets attention causing the gold rush of hyped up results. Nothing can be published without the hype and hyperbole, which then sets the benchmark for the next round of hype.
> We need a Journal of Medicore Results, or a Journal of Tried it and it Didn't Work. Publication in this journal would be used as evidence against lawsuits. Cigarette companies paid for studies designed to produce no conclusive evidence. I don't see this as a route to progress. What if all you did wrong was follow the wrong process? The bacteria grows better at 10C than 30C. This journal would be full of results by…
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As I understand it, using this scheme, the company is avoiding punishment for their wrongdoings when it could be larger than they're willing to pay. They bankrupt some minor part of their budget instead of bankrupting the entire company. When a serial killer gets the electric chair, most people consider that a fair punishment. No? So tell me, if a judge wanted to apply capital punishment to a company, which is not ev…
Your understanding is wrong, which leads to a flawed analogy. > The point here, the bankruptcy court concluded, was not to keep J&J from having to pay talc claims; the entire value of J&J’s consumer business was still on the line for those claims.
The court concluded that the subsidiary was not actually bankrupt and so couldn't justify J&J's attempt to consolidate all the lawsuits against it into a settlements from one bankruptcy judge.
This attempted consolidation is pretty clearly an attempt to limit the judgement sizes that may come out of jury trials. Pretending otherwise is naive at best.
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But then it's J&J as a whole that should go bankrupt, no a shell company designed for damage-control purposes…
That’s all well and good until you discover that you were affected by something else they did but you can’t sue them any more because they went bust servicing the talc powder claims.