Possible Third J&J Bankruptcy Attempt Amplifies Concerns over Corporate Abuse of Courts
"J&J's corporate leadership seems determined to keep pushing this strategy, and as advocates for these women we will continue to push back."
- "J&J's corporate leadership seems determined to keep pushing this strategy, and as advocates for these women we will continue to push back."
- During the past year, the U.S. Bankruptcy Court in New Jersey and the Third U.S.
- Circuit Court of Appeals has ruled J&J's ploy does not meet the standards for a good faith bankruptcy, in large part because the multibillion-dollar company is not in "financial distress."
- Attorneys for the plaintiffs believe that under bankruptcy laws those victims would receive far less compensation than through civil trials or settlement negotiations outside of the bankruptcy system.