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CNN The Whole Story With Anderson Cooper June 4, 2024 00:55:00

Thoughtfully and so thoroughly said, the bankruptcy code is there to protect certain companies but only companies that really need it. if j&j could have gotten away with this, then really any wealthy company could avoid its liabilities by creating a subsidiary, putting that subsidiary in the bankruptcy, and riding off into the sunset with all its assets. the third circuit stopped authority of putting an end to the texas two-step. what do you say to that? well, i m disappointed they didn t go further. i m glad they ruled as they did, because what johnson & johnson was trying to do was unacceptable. but this is a corporate playbook that s going to be used over and over until we stop it. j&j announcing its subsidiary branch, ltl management, is refiling for bankruptcy. j&j says more than 16,000 claimants have committed to support the proposed resolution. the third circuit overturned ....

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CNN The Whole Story With Anderson Cooper June 4, 2024 03:55:00

There to protect certain companies, but only companies that really need it. if j&j could have gotten away with this, then really any wealthy company could avoid its liabilities by creating a subsidiary, putting that subsidiary into bankruptcy and riding off into sunset with all of its assets. the third circuit stopped short of putting an end to the texas two-step. what do you say to that? well, i m disappoint they d didn t go further. i m glad they ruled as they did, what johnson & johnson was trying to do was unacceptable, but this is a corporate playbook that s going to be used over and over until we stop it. j&j announcing its subsidiary branch lt management is refiling for bankruptcy. j&j says more than 60,000 claimants have committed to support the proposed resolution. the third circuit overturned the first bankruptcy filing. ....

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