Civil Litigation,
Bankruptcy
Feb. 28, 2022
J&J subsidiary can proceed with bankruptcy, staying lawsuits
Chief Judge of the New Jersey Bankruptcy Court Michael B. Kaplan acknowledged that plaintiffs in the baby powder lawsuits would feel frustrated and could lose their chance to seek relief from J&J.
Johnson & Johnson can proceed with Chapter 11 bankruptcy proceedings for its new subsidiary, LTL Management LLC, a judge ruled Friday, meaning lawsuits by some 38,000 people alleging asbestos in J&J's baby powder caused ovarian cancer and mesothelioma will have their stays extended until June 29.
Chief Judge of the New Jersey Bankruptcy Court Michael B. Kaplan acknowledged that plaintiffs in the baby powder lawsuits would feel frus...
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