I didn't know about all this thing, never seen anything about it on local newspapers.
Johnson and Johnson had been sued by several people because apparently some of the baby powder it sold contained asbestos, which led to several young people developing cancer.
Recently, the company opened a spin off and gave it ownership of that product, and with it the legal liability. That company filed bankruptcy, thus victims will not be compensated.
Quite disgusting story. Shame on the USA governments allowing companies to behave in such a way.
I found out the company is in one market index I own; I'm considering selling that and getting something else.
https://www.npr.org/2022/09/19/1123567606/johnson-baby-powder-bankruptcy-lawsuits
@rastinza In the US, no company has a chance once the trial lawyer cartel is after them.
@hasmis I frankly didn't understand what you meant. I have noticed American people often don't realize the world is vast and that many people are not adept to the social and political mechanisms that are normal over there. I have asked you to explain what you said, I don't see why you should insult me by implying I'm locked in my ideology and I'm not willing to listen to different opinions.
Now, I'm interested in this lawyer cartel. Would you explain what you mean?
@rastinza Sorry, I don't wish to disturb your thoughts. I'll go away now.