Product Liability
Apr. 17, 2012
Bankruptcy “immunity”: Who is responsible for consumer products when a manufacturer declares bankruptcy?
The process allowed manufacturers to completely shed liability for products sold before filing for bankruptcy. By Christine Spagnoli of Greene Broillet & Wheeler LLP
The auto industry bankruptcies in the summer of 2009 revealed several flaws in the federal bankruptcy process. The rush to allow GM and Chrysler, two of the giants of the U.S. auto industry, to shed their financial responsibilities quickly and to resurface as "new" companies almost left consumers and their cars behind. But that did not happen thanks to a small band of consumer advocates and plaintiffs attorneys, several key U.S. Se...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In