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On Point with Meghna Chakrabarti

Behind the bankruptcy tactic shielding corporate executives from accountability

On Point with Meghna Chakrabarti

WBUR

Talk Show, News, Npr, Daily, On Point

4.33.9K Ratings

🗓️ 15 December 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

There is a new bankruptcy tactic being used to shield executives from accountability. Non-debtor releases give corporate leaders -- like the Sackler family and Harvey Weinstein -- immunity from lawsuits for life. Mike Spector and Clifford White III join Meghna Chakrabarti.

Transcript

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0:00.0

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at Instax.co.uk. The whole process was so exhausting and at the end of the day, I thought

1:03.4

I was going to win and then I feel like it got taken away from me and then I was coerced

1:09.4

into something else. Dominic Q. It is an actress. She was sexually assaulted by Hollywood

1:15.4

mogul Harvey Weinstein. And like many other survivors, Dominic wanted Weinstein and the

1:21.4

executives and board members surrounding him held to account. So she sued the Weinstein

1:27.7

company, alleging that the board of directors knew about Weinstein's predatory behavior

1:32.9

for years and did nothing. Just for them all to have to testify to what they did to allow

1:38.7

this to happen for so many years and how privileged they all were and how they enabled abuse

1:44.7

on women. So this never happens again. Dominic felt confident about her case. So she decided

1:51.4

to bring the lawsuit as an individual. But then a judge ruled that it had to be part of

1:57.8

a class action suit with other survivors. The judge also decided something else that

2:03.8

the case had to go through the bankruptcy courts. Well, as soon as they filed for bankruptcy,

2:08.7

I kind of knew it was going downhill downhill because of a tactic used by corporate executives

...

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