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Vol 21 No 10 Oct/Nov 2016

Book of the Month

Cover of Criminal Injuries Compensation Claims

Criminal Injuries Compensation Claims

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Strategic Bankruptcy New ed

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Kevin J. DelaneyAssociate Professor of Sociology, Temple University, USA

ISBN13: 9780520073593
ISBN: 0520073592
Published: July 2000
Publisher: University Presses of California, Columbia and Princeton
Format: Paperback
Price: £23.95



In 1982, Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States claims a deficit when the union resists plans to cut labour costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil.;Bankruptcy, once a term that sent shudders up a manager's spine, has now become a potent weapon in the corporate arsenal. The author explores this profound change in our legal landscape, where corporations with billions of dollars in assets employ bankruptcy to achieve specific political and organizational objectives. As a consequence, bankruptcy court is rapidly becoming an arena in which crucial social issues are resolved. How and when will people dying of asbestos poisoning be compensated? Can companies unilaterally break legally negotiated labour contracts? What are the ethical and legal rules of the corporate takeover game??;p In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines and Texaco, the author shows not only that

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