Enjoining Securities Claims To Protect J&J Debtor’s Case Was Wrong, Investor Says

(August 18, 2022, 10:38 AM EDT) -- TRENTON, N.J. — A bankruptcy court erred in enjoining a securities class action filed by a retirement association against Johnson & Johnson (J&J) and its officers based on the possibility “that facts ‘might’ develop in the Securities Action that could ‘taint the record’ of” the Chapter 11 case of J&J spinoff LTL Management LLC, the association argues in a July 14 opening brief on appeal to a New Jersey federal court....