• makyo@lemmy.world
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        1 year ago

        I mean at the very least if corporations are people then they should be eligible for the death penalty too

      • chiliedogg@lemmy.world
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        1 year ago

        While it’s not all the way there, the “depraved heart” rule does exist.

        It allows the court to consider extreme indifference to the safety of others as being so depraved that it can be considered intent to kill - elevating wrongful death to 2nd degree homicide.

        An example would be a drug or auto manufacturer executive choosing not to issue a safety recall for financial reasons. The idea is there’s clear knowledge that great harm is likely from their inaction, and they’re actively choosing to inflict that harm.

      • girlfreddy@sh.itjust.works
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        1 year ago

        I’d vote for the entire Wall St bunch who brought down the world economy in '08 (and got off scott free).

    • Avid Amoeba@lemmy.ca
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      1 year ago

      Isn’t that the point of limited liability corporations? To move profits into private pockets while keeping liabilities in the corporation?

      • girlfreddy@sh.itjust.works
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        1 year ago

        That’s not what they did tho. They did this instead … and lower courts said no.

        J&J is among four major companies that have filed so-called Texas two-step bankruptcies to avoid potentially massive lawsuit exposure. The tactic involves creating a subsidiary to absorb the liabilities and to immediately file for Chapter 11.

        source here

        • Bakkoda@sh.itjust.works
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          1 year ago

          Look up MNK/Mallinkrodt aka SpecGX. Just filed for bankruptcy right after emerging from bankruptcy in order to shed the original agreement of future products in lieu of fines or some such shit. Opioid manufacturer double bankruptcy.

    • fmstrat@lemmy.nowsci.com
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      1 year ago

      The bankruptcy is a plan in place with counsel representing claimants so they can free up cash reserves and pay them.

      Notably, our appeal recently was joined by counsel representing the vast majority of the talc claimants," he said.

      They don’t have enough cash on hand, so they bankrupt part of the company and sell.

      Everyone should read the article.