Tweet - "Johnson & Johnson is attempting to deny tens of thousands of people their day in court by offloading its talc liabilities onto a new company created exclusively to protect the company's own assets--and leave cancer-victim claimants with pennies on the dollar."
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Issues: Finance and Banking Legal
"Johnson & Johnson is attempting to deny tens of thousands of people their day in court by offloading its talc liabilities onto a new company created exclusively to protect the company's own assets--and leave cancer-victim claimants with pennies on the dollar.
In additional to demanding answers regarding this bait-and-switch bankruptcy maneuver, Congress should also pass our Nondebtor Release Prohibition Act of 2021 to rein in various bankruptcy loopholes that corporations like J&J exploit to dodge accountability."
@SenatorDurbin
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