Excerpt


The Boy Scouts Model
But the Sacklers and Purdue are not the first to use Chapter 11 filings to shield themselves and their assets against opponents. Almost three dozen Catholic dioceses have filed for bankruptcy, with compensation programs for abuse victims. Johnson & Johnson used bankruptcy as a tool to protect its profitable businesses from liability in cancer lawsuits. Earlier this year, the Boy Scouts of America emerged from bankruptcy after battling multiple appeals over its $2.46 billion settlement to resolve decades of claims of abuse.