( December 18, 2023, 2:34 PM EST) -- PHILADELPHIA — Johnson & Johnson (J&J) spinoff LTL Management LLC proved that its financial resources will probably be wiped out by asbestos lawsuits, so its second Chapter 11 case is valid, the debtor says in its appeal to the Third Circuit U.S. Court of Appeals of a bankruptcy judge’s dismissal of its second attempt to reorganize through bankruptcy....