6 ms·
What is very frustrating is that health effects can be slow as in 20-30 years. By then the people who committed the crime are long gone or will claim the statut
by sschueller 4y ago
What is very frustrating is that health effects can be slow as in 20-30 years. By then the people who committed the crime are long gone or will claim the statute has expired.
Another thing that is done is just sell the company and then the new owner claims that was the predecessor and that the new company no longer have any liability. Ala Union Carbide or even Monsanto. In fact one company recently said they only by the assets not the liabilities which is absurd (might have been Bayer).
- molopolo24 4y agoI think the recent example is Johnson & Johnson were they bundled all their asbestos liabilities into a subsidiary which is now bankrupt. Roughly something like that, Matt Levine from Bloomberg had a good write up on it.