Majed Nachawati of Nachawati Law Group. Courtesy photo Bankrupting the Civil Justice System
Unfortunately, Johnson & Johnson is not the only financially stable corporation to attempt to use bankruptcy system to evade liability rather than as a good faith attempt to place itself back on sound financial footing.
February 22, 2023 at 02:50 PM
6 minute read
Civil Procedure
While federal trial and appellate courts took recent steps to curb abuses of the bankruptcy system by non-distressed corporations, parties and courts must remain vigilant to prevent attempts to use bankruptcy as a means of side-stepping the civil justice system.
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