Johnson & Johnson spun off liabilities including roughly 38,000 lawsuits linked to claims of asbestos contamination in its baby powder to a new firm, which then declared bankruptcy.
J&J is using a bankruptcy maneuver to block lawsuits over baby powder cancer claims wprl.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wprl.org Daily Mail and Mail on Sunday newspapers.
Johnson & Johnson spun off liabilities including roughly 38,000 lawsuits linked to claims of asbestos contamination in its baby powder to a new firm, which then declared bankruptcy.
Johnson & Johnson spun off liabilities including roughly 38,000 lawsuits linked to claims of asbestos contamination in its baby powder to a new firm, which then declared bankruptcy.
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The U.S. House Financial Services Committee considered proposed public market reforms,
including legislation to enhance investor protections relating to
special purpose acquisition companies ( SPACs ).
At the hearing, titled Going Public - SPACs, Direct
Listings, Public Offerings, and the Need for Investor
Protections, legislators considered a bill that would amend the SA Section 27A ( Application of safe harbor
for forward-looking statements ) and SEA Section 21E ( Application of safe harbor
for forward-looking statements ) to exclude certain SPACs from
the safe harbor for forward-looking statements.
Witnesses included: