Felix, Mihir and their colleague Kristin Mugford debate the merits of using bankruptcy to shield companies from consumer lawsuits. Should we allow companies to bundle lawsuits, place them in a designated subsidiary with few assets and let that subsidiary go bankrupt? Might this actually be better for consumers who claim to have been hurt by defective products? Doesn’t everyone deserve their day in court? Plus, what is happening to prices of luxury goods? Are we looking at the next bubble? Hosted on Acast. See acast.com/privacy for more information.
Hello, everyone.
You're listening to After Hours.
I'm Felix.
I'm Mihir.
And I'm Kristen Mugford.
I'm a member of the finance faculty at Harvard Business School, and I teach a course on corporate restructuring.
Kristen Mugford, welcome.
Wonderful to have you.
Thank you.
It's great to be here, Felix.
I've known Kristen a long, long time.
Like, how long is a long, long time?
It's embarrassing.
Kinderg.
It's in the decades.
Let's put it this way.
But like fine wine, we just improve with age.
Exactly.
So in addition to being one of the smartest people I know, she's also incredibly sunny and positive.
And yet, Felix, she's spent her career thinking about bankruptcy.