J&J Talc Claimants Look to Toss Latest Subsidiary Bankruptcy (1)

People suing Johnson & Johnson over its talc products are urging a court to dismiss the company’s latest attempt to use bankruptcy to address the litigation, saying the strategy amounts to “fraud and sanctionable conduct.”

J&J’s move to place subsidiary LTL Management LLC into bankruptcy was made in bad faith, talc claimants said in court papers filed Monday. The filing calls on Judge Michael Kaplan of the US Bankruptcy Court for the District of New Jersey to toss the case without requiring the parties to file the paperwork usually necessary for a dismissal.

J&J unveiled an $8.9 billion settlement proposal ...