From Purdue Pharma To J&J: How Bankruptcy Can Protect From Lawsuits

The video discusses how major companies use bankruptcy to manage civil lawsuits, focusing on the controversial Texas two-step strategy. This involves splitting a company to isolate liabilities, allowing the new entity to declare bankruptcy and shield the original company from lawsuits. The video highlights cases like Johnson & Johnson and Purdue Pharma, exploring the ethical and legal implications of these practices. It also touches on the potential for reform in bankruptcy laws.

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