No.  Your logic and analysis of the matter are off target. It is not a matter of a defendant having been sued into bankruptcy by overly zealous trial lawyers. Rather it is a matter of the Plaintiff class members having presented a valid claim against the Defendant through their attorneys to the court by a cause of action judged valid by the court.

Both sides had their opportunity to present their respective evidence. Obviously the trier of fact gave more weight to that of the Plaintiffs. It is called the legal system.

Being sued by one's clients with resulting judgment, payment thereof and/or bankruptcy is a fact of life.

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