Bankruptcy used to be something that companies fought to avoid. To go bankrupt was an admission of failure, a badge of shame. But in recent decades, bankruptcy has become something that companies, and the people profiting off them, have embraced with open arms. Powerful corporate actors are now using bankruptcy to extinguish litigation against them and evade accountability.
In her compelling article in The [F]law, Delana Sobhani explains how “elite” lawyering simply means finding legal ways to insulate wealthy corporate clients from accountability for profitable harms.
Read her excellent article: “A New Dawn For Corporate America: How the Rich and Powerful Use Bankruptcy to Evade Accountability”
Related Systemic Justice Project Resources
From The [F]law:
- Logan Campbell, What ‘Good’ is Pro Bono?
- Ellie Olsen, The Dirty Work of America’s Legal Darlings
- Amy Hayes, Signing Away Your Rights: Forced Arbitration—Overcoming Corporate “Get Out Jail Free Cards” and Finding Avenues for Justice
- Gabrielle (Gabe) Crofford, Selling Sovereignty: How Corporations Used Tribal Sovereign Immunity to Evade Regulation and Exploit Consumers
- Sarah Zahedi, “Safe” and “Effective”?: IUDs and the Corporate Power Problem
From The Systemic Justice Journal:
- Allison Beeman, Child Labor in the Global Cocoa Supply Chain: What Nestlé Tells Us About Corporate Harm
- Sam Rosen, Clauses and Consent: How Forced Arbitration Quietly Took Over Everything
- HLS Student, The Moral of the Marketplace: Profit – Big Oil’s Prioritization of Profit Over Environmental and Human Safety