The above article suggests that the corporate restructuring of the chemical operation was done to extract cash from the operating entity to make a suit for damages uninviting to a law firm specializing in class-action litigation.
If parent-level executives knew or had reason to know that the replacement for the original Genex product was equally problematic, was their decision to permit production moral and/or ethical? Do you think that there should be a way to pierce the veil to permit lawsuits against senior executives, much like permitted under Sarbanes-Oxley?
