Best Of: Inside Johnson & Johnson’s bankruptcy two-step
Behind the Money
The Effect of the Automatic Stay on Bankruptcy on Johnson and Johnson
When a company goes into bankruptcy, the company is basically allowed to press pause on any lawsuits that have been filed against it. Because there are thousands of towel claimants, those claimants say that's not nearly enough. J&J has said that going through the bankruptcy process actually ends up creating a more what they call equitable and efficient way of dividing and paying out money to victims.
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