Law groups are pushing the 3rd Circ. Toss J&J Filing for bankruptcy

By Nicole Rosenthal (July 8, 2022, 6:13 p.m. EDT) – A group of law professors and nonprofits have urged the Third Circuit to dismiss pharmaceutical company Johnson & Johnson’s Chapter 11 case, arguing that bankruptcy is a decision made in bad faith to prevent asbestos injury claims related to talc from going to trial.

The American Association for Justice, along with so-called complex litigation law professors, said in briefs filed Thursday that Johnson & Johnson subsidiary Johnson & Johnson Consumer Inc. unfairly split its assets into two components, New JJCI and LTL Management, in order for LTL Management to file for bankruptcy and evade tens of thousands of claims alleging that its talcum powder products are…

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