Michael Shepard’s insights were featured in Massachusetts Lawyers Weekly’s article, “Bankruptcy bar foresees aftershocks to Supreme Court ‘Purdue’ decision”
But Boston attorney Michael C. Shepard, who is currently representing clients on the Asbestos Claimants Committee for the Bestwall, DMBP and Aldrich/Murray Texas Two-Step bankruptcies pending in North Carolina, is not so sure of the need to disrupt the “economic Darwinism” at play, where serious mistakes pose an existential threat to companies.
“That’s how it works, and that’s how it’s always worked,” he said. “Why do we want to have a system that essentially becomes corporate welfare that allows companies that have either behaved poorly or done business poorly to go in and get a do-over to try it again?”
