>>14282612Simply changing your name doesn't make you a new company with no liabilities though it can be used to improve your ruined image. Someone else buying you transfers your liability to them. They would have to declare bankruptcy for your proposal to work. Even then a portion of the proceeds from the sale would be reserved for claims against the company.
The bankruptcy would wipe out all shareholder value. Creditors would get a shot at the proceeds though it would be up to the court if their claims were ahead of the claims of those who were harmed. A new corporate entity with the same name could have an IPO much like happened the GM, but once again, you must remember that investors in pre-recession GM lost everything. The GM of today is a different entity. The old GM is now Motors Liquidation Company. MLC sold the factories, machinery, etc. to the new GM, with the money received from the sale going to fund claims against the old GM.
For a company like Pfizer, following GM's path would mean nearly 300 billion in investor value vanishing. All of its assets could be sold to the "new Pfizer" and used to compensate those who were harmed by the injections. Investors losing ~300 billion isn't them getting away with something.
