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Bankruptcy Judges Are Getting Picky!
Manage episode 431765245 series 3420914
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Back in the day, you rack up a jillion dollars in debt, then whoosh – it's gone with a bankruptcy filing. Not so much now:
--- Johnson & Johnson thought they'd get rid of 61,000 claims that their talc products contain asbestos and cause cancer – the bankruptcy judge said, "Nice try."
--- The Supreme Court rejected the Sacker family's attempt to win immunity from suits through its company's bankuptcy.
--- Rudy Giuliani tried to get out from under a $148 million defamation verdict. The judge said, "Not even a nice try."
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