Corporate bankruptcy protections under Chapter 11 were designed to reorganize a corporation and restructure debt that has become unmanageable. It allows the company to continue to operate to negotiate debt and return to profitability.
Last week, the FDA faced a court-imposed deadline on marketing applications from Juul and hundreds of other e-cigarette/vaping companies. Many rejections were issued, but the decision on the biggest and most powerful company, Juul, was delayed again.
Stockholders in Delaware corporations carry a default right of access to corporate books and records. Corporations that choose to incorporate in Delaware, however, try to have their cake and eat it, too.
The often violent and sudden force can be emotionally shocking and frightening. Knowing this, it is no surprise that many victims of motor vehicle collisions experience mental and emotional trauma as well.