Comment by FireBeyond
10 hours ago
Using the same law firm which has made a point of assisting companies through this process...
Of which it has represented four companies. The first three of whom, using Jones Day's playbook, have managed to escape with making payments that are a single digit percentage of what they actually have judgments for, have told the courts, through those same lawyers, "Yeah, we're not actually going to be held to those commitments" and have faced no further consequences, almost as if the lack of commitment was a part of the plan...
... and the fourth, J&J/LTL is trying the exact same thing, and every time they have been rebuffed, have tried and tried again, four times now.
Is it a good thing that this isn't working so far? It's a better thing, perhaps. But the plan of J&J and LTL is to keep pushing and hope it does work in the hope that, like Jones Day's other clients and playbook, they will be able to fold up, having paid a tiny fraction of their liabilities out, while J&J continues to make billions a year in profits.
Many, many attorneys, let alone judges/courts, are of the clear belief that this is exactly what J&J is attempting to do.
That they have not been successful thus far is not in any way deserving of credit towards J&J.
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