Hints and tips:
...Leigh O’Dell, a lawyer at Beasley Allen who sits on the plaintiff’s steering committee in the talc litigation, said the bankruptcy strategy is “cynical” and designed to slam shut the doors to the courthouse...
...“Bankruptcy courts are for honest companies in financial distress, not billionaire mega-corporations like J&J, 3M and Koch Industries, that seek to close courthouse doors to their victims.”...
...Ian’s family are behind one of 147 product liability lawsuits collectively filed in the US against major social media platforms — Facebook, Instagram, TikTok, Snapchat and YouTube....
...The strategy enables companies to reorganise their business, keep their doors open and estimate their total tort liabilities without the disruption caused by defending multiple civil lawsuits....
...“Shame on J&J for trying to evade its liabilities for products it sold with its golden stamp of approval for safety,” Wolens, who is now principal at McKool Smith law firm, told the Financial Times....
...“This window will not last for ever, and if you miss this, it will take a while for the cycle to come back. It is a good time for everyone to list.”...
...Brokerage houses, which in some cases sent sales staff door-to-door to pitch the IPO to ordinary Japanese, indicated in recent weeks that the campaigns had served their purpose and the issue was comfortably...
...By the time of his letter to shareholders in 2012, Mr Dimon was already complaining about the “poor” systems he inherited from Bear, as well as a big pile-up of litigation connected to mis-sold mortgages...
...Whether cars are shared or autonomous, they still need brakes, windows, doors and tyres, plus a host of new semiconductors, electronic gadgets and safety features that make up the 30,000 parts that go into...
...It’s also very hard to have a soft launch of any product as the fans are aware of everything.” He declines to discuss any mis-steps....
...Despite the amount of litigation reaching London’s courts, however, many lawyers say many complex cross-border cases are being settled behind closed doors using arbitration....
...Stan was in fine form, rattling off how he had cut costs by more than $4bn and now the business was booming thanks to a fancy new product. And what might that be, I inquired?...
...I wish I had known that the compliance department is mostly there for window dressing and is really not supposed to find anything....
...The consumer has been mis-sold products . . . Yet there are still people in the industry who don’t understand the tremendous damage that has been done,” says Forseke....
...may be affected by factors including litigation, employee misconduct, operational failures, regulatory investigations, negative publicity and/or poor performance....
...But many of the country’s 5,400 garment factories still lack basic safety measures, with highly flammable fabric kept in corridors, windows barred, doors locked to prevent theft, and jerry-rigged wiring...
...and medium-sized businesses that were mis-sold interest rate hedging products and said sorry again… which was nice....
...Managers traditionally have tried to window-dress quarter-end books by stuffing distribution channels with extra products, recording a sale and booking a profit, even though the products had not yet been...
...Mis-selling of “unsuitable” derivative products to investors and corporations remains a problem. Expertise of purchasers is sometimes inversely related to the complexity of derivative products....
...liabilities....
...But it had already shorn it of some features to try to get the product out the door. By March, it had to announce retail sales would be put back till January 2007....
...Ironically, Big Tobacco’s ability to survive litigation over the nefarious effect of smoking could prove a boon for investors in dairy products popular among health-conscious consumers....
...Analysts said the decision could potentially open the door for a new wave of litigation that could result in Merck paying billions of dollars in compensation....
...Raise your hand and tell us what you think. It’s amazing the number of people that are lined up in front of my door when I come in the morning and have something to say....
...The Final Judgment allowed Microsoft to remain whole, but imposed conditions that permit rival software makers to tuck their products into its Windows operating system....
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