The Intersection Among Torts, Science, Corporate Law, Insurance & Bankruptcy
It’s been a long time coming, but it appears Takata is now headed for chapter 11 to address the many problems arising from its exploding airbags, as explained in a June 15, 2017 article from Reuters. If the numbers in the article are accurate, this could prove an interesting contrast to the typical “mass tort” chapter 11 cases. Why? The major creditors are car manufacturers instead of personal injury claimants.
It is good to see bankruptcy courts authorizing more investigations into chapter 11 backstories. Here, under investigation, a hedge fund manager was caught and admitted a ‘grave mistake.’ The mistake
Mass tort claiming continues to drive numerous chapter 11 cases. The latest addition to the list is Insys filing due to opioid claims. Some of the prior posturing by the company is reviewed and linked
From Canada and Japan: Yet Another Mass Tort Bankruptcy, and Possible Fraudulent Conveyance: Big Tob
A tobacco company is the latest entity to use bankruptcy to try to limit its obligations for a mass tort. This instance, however, is different because the bankruptcy is in Canada, ownership of the tob