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Ep. 283: Using Bankruptcy To Duck Mass Torts Just Got Harder

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Manage episode 354423885 series 1449094
Content provided by Law360's Pro Say and Law360 - Legal News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Law360's Pro Say and Law360 - Legal News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week the Third Circuit said Johnson & Johnson can’t use the “Texas two-step” to create a talc unit to spin off billions of dollars in liability and then immediately file for bankruptcy protection. The controversial maneuver has faced scrutiny in other suits as well, and this week we’re joined by Law360 senior bankruptcy reporter Vince Sullivan to talk about what the ruling means for J&J and beyond. Also on this week’s show, we discuss a federal grand juries indicting Tom Girardi for allegedly stealing millions from his clients; the Second Circuit reining in the power of Manhattan federal judge Jed Rakoff to use discretion in voir dire; and we weigh in on some new social “laws” to live by.

  continue reading

354 episodes

Artwork
iconShare
 
Manage episode 354423885 series 1449094
Content provided by Law360's Pro Say and Law360 - Legal News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Law360's Pro Say and Law360 - Legal News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week the Third Circuit said Johnson & Johnson can’t use the “Texas two-step” to create a talc unit to spin off billions of dollars in liability and then immediately file for bankruptcy protection. The controversial maneuver has faced scrutiny in other suits as well, and this week we’re joined by Law360 senior bankruptcy reporter Vince Sullivan to talk about what the ruling means for J&J and beyond. Also on this week’s show, we discuss a federal grand juries indicting Tom Girardi for allegedly stealing millions from his clients; the Second Circuit reining in the power of Manhattan federal judge Jed Rakoff to use discretion in voir dire; and we weigh in on some new social “laws” to live by.

  continue reading

354 episodes

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