Following-up on his remarks from
last year, in which he condemned Johnson & Johnson’s “cynical”
and controversial bankruptcy plan, Senator Dick Durbin once again criticized
Johnson & Johnson’s attempt to escape accountability and exploit
loopholes in bankruptcy law. This time, however, he has reason to praise the
recent Appellate Court ruling which rejected the Texas Two-Step legal maneuver.
Sen. Durbin’s remarks on the Senate floor applauded the step towards
justice for the nearly 40,000 asbestos talc plaintiffs who used J&J
products and have been denied justice.
In closing, Sen. Durbin stated:
“These companies are trying to game a system that we, in Congress,
created. As lawmakers, we write the laws and set the rules for declaring
Chapter 11. We must work together to keep the doors of our justice system
open to every American seeking restitution when they’ve been wronged.
I believe this Senate is capable of doing things, hard things. I believe
we can bring America closer to our central aspiration of justice for all.
And, I believe we can instill more faith in this nation of laws by ending
these corporate abuses of bankruptcy once and for all.”
here to read the Senate press release:
To watch Sen. Durbin’s full video: