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BumRushDaShow

(128,844 posts)

15. With the OP article update, it's apparently a "Texas" thing

Reply to Orrex (Reply #7)

Mon Jan 30, 2023, 09:46 PM

Jan 2023

J&J is among four major companies that have filed so-called Texas two-step bankruptcies to avoid potentially massive lawsuit exposure. The tactic involves creating a subsidiary to absorb the liabilities and to immediately file for Chapter 11.

That actually hints at some of what Alex Jones was doing with his bankruptcy in TX (given his InfoWars parent company was located there) and funneling assets into a shell company.

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Highlight:

U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits [View all] BumRushDaShow Jan 2023 OP

Did anyone hear the collective "AWW SHIT" coming from the J&J boardroom? LiberalArkie Jan 2023 #1

Good. They knew and many died. Typical corporate denial instead of admitting the truth. Evolve Dammit Jan 2023 #2

They have nothing to lose by trying it, and that's part of the problem. NullTuples Jan 2023 #3

Yep and delaying justice even more dutch777 Jan 2023 #4

Big Tobacco dragged it out for a decade or more. Oxycontin. Asbestos. Agent Orange. Orange 45. Evolve Dammit Jan 2023 #12

What thing I don't get... Bayard Jan 2023 #5

Probably because it was the largest and most popular seller BumRushDaShow Jan 2023 #6

Of course, they have the deepest pockets Bayard Jan 2023 #8

Yup BumRushDaShow Jan 2023 #9

Initially, they were the only "brand". It became as synonymous as "Kleenex" or "Xerox". The Evolve Dammit Jan 2023 #13

There have always been other known "name brands" of talcum powder BumRushDaShow Jan 2023 #14

Formaldehyde in baby shampoo. That's great. Was Gold Bond around before J&J? "Medicated" huh? Evolve Dammit Jan 2023 #18

Around the same time BumRushDaShow Jan 2023 #19

You are without doubt, an amazing resource. Thank you. Evolve Dammit Jan 2023 #22

You are welcome BumRushDaShow Jan 2023 #24

Great info. The amounts of drugs like opium, heroin, cocaine, codeine were so widely used. Evolve Dammit Jan 2023 #25

Oh yeah BumRushDaShow Jan 2023 #27

It's a wonder we made it this far. I remember powdered opium (cough or diarrhea?), paragorik (sp?) Evolve Dammit Feb 2023 #28

They still have paregoric (tincture) on the market BumRushDaShow Feb 2023 #29

Yeah you gotta get your Doc to prescribe it. It is the most effective. "Liquid Gold;" never goes bad Evolve Dammit Feb 2023 #30

Why is bankruptcy even an option for corprations to avoid paying such damages? Orrex Jan 2023 #7

Yep. Two-tiered system. All the way down. (n/t) OldBaldy1701E Jan 2023 #11

With the OP article update, it's apparently a "Texas" thing BumRushDaShow Jan 2023 #15

No Sgent Jan 2023 #16

should be a CEO going to jail republianmushroom Jan 2023 #10

My son and I have been following the use of divisive mergers for a while LetMyPeopleVote Jan 2023 #17

Another thought Bayard Jan 2023 #20

Adult women - main purchasers womanofthehills Jan 2023 #21

When I first heard about it -way- back I switched to cornstarch. electric_blue68 Jan 2023 #26

Despise this company. Joinfortmill Jan 2023 #23