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None of this strikes me as nefarious. The point of the bankruptcy filing wasn’t to bilk creditors. It was to get them all equal payouts instead of a bunch of ra
by NotYourLawyer 4y ago
None of this strikes me as nefarious. The point of the bankruptcy filing wasn’t to bilk creditors. It was to get them all equal payouts instead of a bunch of random jury-dependent judgment amounts.
- vkou 4y agoThe problem with doing something illegal is that the consequences of your actions include having to pay out a bunch of random jury-dependent judgement amounts.
- NotYourLawyer 4y agoGreat, if you’re in the first random set of plaintiffs who get billions of dollars. Not so great if you’re a later plaintiff when the money’s all gone and the company is bankrupt for real.