‘Scarlet-Lettered Bankruptcy: A Public Benefit Proposal for Mass Tort Villains’

“Financially distressed companies in the US often seek refuge in federal bankruptcy court to auction valuable assets and pay creditor claims. Mass tort defendants – including Purdue Pharma, Johnson & Johnson, Boy Scouts of America, and USA Gymnastics – introduce new complexities to customary dynamics in US bankruptcy cases. Many mass tort defendants engage in malfeasance that inflicts widescale harm …” (more)

[Samir D Parikh, Oxford Business Law Blog, 10 March]

First posted 2022-03-11 10:00:59

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