Drareg
Member
- Joined
- Feb 18, 2016
- Messages
- 4,772
Trust the science and big pharma with a vaccine even if their baby powder caused ovarian cancer, J&J are such a trustworthy company that they have decided to declare bankruptcy so 38,000 women can’t get the maximum payout with lawsuits.
How do people square the use of their vaccine with their past? All it takes is stories for brains that have been conditioned to perceive, not think, just act as instructed.
They should be liquidated.
www.bloomberg.com
Johnson & Johnson is among the wealthiest and most successful businesses on the planet. With a stock market value of about $430 billion, it’s one of 30 constituents of the Dow Jones Industrial Average. The health-care and consumer-products giant holds about $25 billion in cash, and it’s one of just two companies with a perfect credit rating from both S&P and Moody’s. Which is why it’s so unusual that it decided to lean on the protection of a federal bankruptcy court in Charlotte.
J&J itself isn’t bankrupt—instead, it has split off a new unit essentially designed to go broke paying legal liabilities. It’s part of a maneuver to deal with about 38,000 lawsuits, mostly filed by women who claim one of the company’s oldest products, baby powder, causes ovarian cancer. J&J already paid $2.5 billion to about 20 women earlier this year. The new subsidiary, called LTL Management, was created to take responsibility for resolving the baby-powder lawsuits. Almost immediately after it was formed LTL filed for Chapter 11.
How do people square the use of their vaccine with their past? All it takes is stories for brains that have been conditioned to perceive, not think, just act as instructed.
They should be liquidated.
Why Johnson & Johnson Is in Bankruptcy Court Even Though It’s Not Bankrupt
A company with one of the world’s best credit ratings wants to wall off the risk of baby-powder litigation.
www.bloomberg.com
Johnson & Johnson is among the wealthiest and most successful businesses on the planet. With a stock market value of about $430 billion, it’s one of 30 constituents of the Dow Jones Industrial Average. The health-care and consumer-products giant holds about $25 billion in cash, and it’s one of just two companies with a perfect credit rating from both S&P and Moody’s. Which is why it’s so unusual that it decided to lean on the protection of a federal bankruptcy court in Charlotte.
J&J itself isn’t bankrupt—instead, it has split off a new unit essentially designed to go broke paying legal liabilities. It’s part of a maneuver to deal with about 38,000 lawsuits, mostly filed by women who claim one of the company’s oldest products, baby powder, causes ovarian cancer. J&J already paid $2.5 billion to about 20 women earlier this year. The new subsidiary, called LTL Management, was created to take responsibility for resolving the baby-powder lawsuits. Almost immediately after it was formed LTL filed for Chapter 11.
