U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey dismissed the Johnson & Johnson subsidiary LTL Management's second Chapter 11 case due to "LTL’s lack of imminent and immediate financial distress."
July 28, 2023 at 06:17 PM
4 minute read
Litigation Reporter
A judge has once against dismissed Johnson & Johnson’s talcum powder bankruptcy.
In a Friday ruling, U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey dismissed the Johnson & Johnson subsidiary LTL Management’s second Chapter 11 case due to “LTL’s lack of imminent and immediate financial distress.”
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