In a Monday motion, a talc claimants committee said Johnson & Johnson's LTL Management manufactured financial distress when it filed for Chapter 11 bankruptcy this month.
April 25, 2023 at 04:08 PM
4 minute read
staff reporter
The original version of this story was published on New Jersey Law Journal
Lawyers suing Johnson & Johnson over its talcum powder moved again to dismiss its bankruptcy case based on fraud.
The controversial “Texas two-step” merger that was the focus of Johnson & Johnson subsidiary LTL Management’s first bankruptcy was not the issue in the new dismissal motion, filed on Monday by the official committee of talc claimants.
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Johnson & Johnson’s talc powder on a supermarket shelf in Baltimore, Maryland. Photo: Diego M. Radzinschi/ALM
