The Sunny Side of Bankruptcy
After Hours
The Role of Bankruptcy in Luxury Markets
Kristin Drexler: When we think about bankruptcy, we often envision companies that are having significant financial problems. She says a different way that companies are using bankruptcy is to take care of mass torts lawsuits. Drexle: Johnson & Johnson had lots of lawsuits that alleged their talcum powder caused cancer. The company decided to put all these claims in a subsidiary and then file this subsidiary for bankruptcy.
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