andrewducker | Interesting Links for 07-02-2022

Historians have strange minds, I suspect, especially if they live in a landscape so old that parts of it were once the bottom of a prehistoric sea and have no fossils. :o)

I liked the responses too. I admit, it's very possible to be misled, but that definitely looked like a lion having fun to me :)

I kept hesitating through the article. "why the strategy was so attractive: J&J could create a related-party bankruptcy to limit liability, while avoiding “the burdens” of declaring bankruptcy itself," I mean, yes, I assume trousering all the profit and shovelling all the liability into a separate company which immediately folds because it doesn't have any income is ALWAYS desirable for a company, whether they're a giant multinational or a couple of cowboy roofer brothers who sell the business to each other cheap whenever they want to push the reset button on any debts. I guess the question is, when is it fraud and when is it legal (and I don't know -- the article touches on precedent for when it's reasonable, presumably based on how much the company assigns to settle the losses, but doesn't go into more details)

Interesting Links for 07-02-2022

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Tug! Of! War! With! A! Lion!

Re: Tug! Of! War! With! A! Lion!

Inside Johnson and Johnson's secret plan to cap litigation payouts to cancer victims