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LTL Management LLC

  1. May 16, 2023

    J&J Talc Unit Can Pursue Ch. 11 Plan During Dismissal Fight

    The talc unit of Johnson & Johnson can pursue approval of its Chapter 11 plan, including an $8.9 billion settlement of tens of thousands of talc claims, at the same time it is defending against multiple motions to dismiss its restructuring case, a New Jersey bankruptcy judge ruled Tuesday.

  2. May 12, 2023

    Talc Victims Seek Right To Sue J&J Over Voided Funding Deal

    The official committee of talc claimants in the Chapter 11 case of LTL Management LLC asked a New Jersey judge to grant it standing to sue parent company Johnson & Johnson for terminating a $61.5 billion funding agreement after the debtor's first try at bankruptcy was dismissed.

  3. May 09, 2023

    3rd Circ. Says J&J Talc Unit's Ch. 11 Should Proceed

    The Third Circuit denied Tuesday a petition from cancer victims suing Johnson & Johnson's talc unit to dismiss its Chapter 11 case, saying it would be a "drastic step" and the insolvency should go forward.

  4. May 08, 2023

    Talc Co. Tells 3rd Circ. Ch. 11 Mandamus Writ Is Premature

    The bankrupt talc unit of Johnson & Johnson told the Third Circuit on Monday that a petition for a writ of mandamus the talc claimants committee filed with the court is improper because the group is already pursuing similar relief from the bankruptcy court, which has yet to rule on pending dismissal motions.

  5. May 03, 2023

    Dismissal Motion Hearing Set For June In J&J Talc Ch. 11

    A New Jersey bankruptcy judge will hear evidence in arguments the week of June 12 on motions to dismiss the Chapter 11 case of Johnson & Johnson's bankrupt talc unit, with the court setting aside four days for the proceedings in which claimants will argue that the case was filed in bad faith.

  6. May 02, 2023

    Talc Claimants Ask 3rd Circ. To End J&J Unit's New Ch. 11

    The official committee of talc claimants in the Chapter 11 case of Johnson & Johnson's talc unit on Tuesday asked the Third Circuit to immediately terminate the case, saying the debtor is trying to circumvent an earlier circuit ruling that tossed the company's first try at bankruptcy.

  7. April 25, 2023

    Talc Claimants Move To Toss J&J Unit's Ch. 11

    Plaintiffs that allege Johnson & Johnson's baby powder and other products caused their cancer urged a New Jersey court to toss another "abusive" bankruptcy case filed by a talc unit J&J spun off to hold its liability.

  8. April 21, 2023

    J&J Talc Claimants Form Committee To Support Ch. 11 Plan

    Law firms representing more than 55,000 talc claimants in the Chapter 11 case of Johnson & Johnson's talc unit have formed an ad hoc committee in the proceedings and expect to garner enough support to approve the debtor's proposed $8.9 billion settlement.

  9. April 20, 2023

    No J&J Talc Trials For 60 Days, Bankruptcy Judge Rules

    A New Jersey bankruptcy judge issued a limited preliminary injunction Thursday in the Chapter 11 case of Johnson & Johnson's bankrupt talc unit, saying that litigation against the parent company and other nondebtor entities can continue up to the trial stage until mid-June.

  10. April 18, 2023

    Talc Claimants Attack Suit Injunction In J&J Unit's Ch. 11

    Attorneys for talc claimants in the Chapter 11 case of LTL Management LLC attacked the debtor's request to extend litigation protection to LTL's ultimate parent company, Johnson & Johnson, telling a judge Tuesday that the bankruptcy itself is improper and should be dismissed.

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