Inside Johnson & Johnson’s bankruptcy two-step
Behind the Money
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Corporate Bankruptcy
When a company goes into bankruptcy, the company is basically allowed to press paws on any lawsuits that have been filed against it. J and j appealed val's verdict before the paws kicked in. But now all of that is on hold while this bankruptcy process takes place. Given that many these cancer sufferers do not have long to live, it really puts undue pressure on them to make settlements. Meanwhile, for the company, the pressure is sort of lifted because the assets and liabilities were split into two separate companies.
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