6 ms·
How does a corporation filing a sham bankruptcy to avoid paying out a legally mandated penalty improve justice? I can just as easily say that this tactic degra
by bglazer 4y ago
How does a corporation filing a sham bankruptcy to avoid paying out a legally mandated penalty improve justice?
I can just as easily say that this tactic degrades prosecutorial effectiveness because it disincentives lawyers from taking cases. The corporations will just spin off and kill a business unit and no one gets compensated.
- weq 4y agoBecause Captailism has corrupted our institutions to the point that money rules everything. Democracy and Justice is only for those with enough cash. Like the big4 accounting firms, they arnt the big 4 because they serve the public the public interest. They are the goto because they have the influence and the knowledge to extract as much cash as possible from democracies.
- eurasiantiger 4y agoAlso, they enable money laundering on massive scales. KPMG, I’m staring at you.
- musicale 4y agoIf I'm reading it correctly, the award was not for inventing or implementing the bankrupcty tactic, but for litigating the two cases.