I don’t get how a legal entity can somehow magically hand its liability to a ficticious subsidiary. If the suit is against JJ, how could it be pointed somewhere else? Like what is the legal standing for that…?
The legal standing is that a brazenly corrupt Supreme Court has been purchased by billionaires, and any sort of regulatory agency that might counter that sort of thing has been defanged or defunded.
J&J’s “Two-Step” strategy has already been knocked down twice by Federal Courts and unless J&J appeals the cases will never reach SCOTUS and they won’t do that because they know they will lose. There’s also no “regulatory agency” in charge of the cases that Federal Courts can or must hear nor should one exist.
I agree J&J’s “court shopping” like this is unethical but its up to Congress to make it illegal. Congress, not the Judiciary, is to blame for continuing to allow this legal chicanery
If the suit is against JJ, how could it be pointed somewhere else?
The parent company sells or transfers all of the assets related to the lawsuit to a separate company and along with those assets goes all the liabilities…like lawsuits.
I am pretty sure this is what took my Aunt. She would bath herself in it every day since I could remember. Died of cancer a few years back but because of other choices the link would never be made.
The fee equals around $7.2 billion at Tesla’s Friday’s stock price and amounts to a rate of roughly $370,000 for every hour worked by the 37 lawyers, associates and paralegals, some of whom normally bill as little as $275 an hour, according to court documents submitted Tornetta’s lawyers.
I’m gonna send my boss a bill for over 1000 x my usual pay and just retire. I’m sure that’ll work with no objections. Wtf
If Asbestos is in the talc, it cannot be removed.
Don't use products with talc, regardless of how "safe" a company claims it is. You can do tests that won't detect Asbestos in talc. But a proper test will show if there is Asbestos in the talc.
No one needs to use talc anymore in toiletries or food. There are safe alternatives, this is 2024, science has progressed.
J&J just wants to avoid losing money and talc is just a cheap product.
I boycotted J&J years before this latest issue arose with the talc. There are less evil corporations to buy from.
You have far too much trust in the government. Our land belongs to the citizens, and if the government needs to jump in it should be to prevent predatory landlords, which it hasn’t done and therefore has shown it is unable to manage it effectively.
I remember reading about one case a while back where a Chinese company bought a solar farm directly overlooking a Navy weapons testing facility; CFIUS forced divestment of that farm.
I think you're referring to a sale that did not go through. I remember reading about that not too long ago. I assume that potential sale in particular is what led to this change.
Edit: I read the article. I was mostly right, except the sale did go through but the land had to be sold again promptly.
The expansion comes less than two months after a previous CFIUS review handed a Chinese-linked company and its partners 120 days to sell property they had purchased one mile from a U.S. Air Force base in Wyoming that is home to part of the U.S. nuclear missile arsenal.
I don’t think that the one in the article is the one I remember. I’m pretty sure that the one I’m thinking of was a naval weapons testing facility, not an air force base.
The fee is no more extraordinary than the pay Musk asked for. Considering stockholders have now confirmed the $56 billion payment to Musk, I suppose although involuntarily they simultaneously chose to acknowledge the high fee for the lawyers, as they used a completely normal percentage fee.
The only thing that made it exceptional, was the exceptional amount granted illegally to Musk. Which was made legal later by stockholders accepting it.
Had they done it correctly in the first place, there wouldn’t have been a lawsuit against them, costing that percentage fee.
He got $56 billion. Pretty sure he can afford the $7 billion. Is it a requirement to have your nose directly in Elon’s ass before you invest in Tesla? I don’t recall that being a thing when I had my shares.
Articles (a/an/the) are supposed to be omitted from news headlines, so nothing to fix here. You can check the rules for writing headlines here have a great day!
Oh yeah, you got me there. Didn’t consider that you were implying that. Whoops! My bad. I’ll leave the above comment though in case others find it useful somehow. Thanks!
When America sends its people, they’re not sending their best. They’re not sending you. They’re not sending you. They’re sending people that have lots of problems, and they’re bringing those problems with us. They’re bringing drugs guns. They’re bringing crime.
Hyundai said in a statement on Monday that it does not condone falsifying sales data and had opened an investigation after it was alerted to the allegations.
The company also said it has been pursuing litigation in South Florida to terminate two Napleton-affiliated franchises there tied to a criminal sexual battery allegation.
Napleton: How dare you expose our long history of violence and gang rapes against female employees and contractors!
reuters.com
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