Johnson & Johnson’s talc liability holding unit said its recently filed bankruptcy case belongs in Texas as a matter of applicable law and as a core piece of its deal to resolve thousands of cancer victim lawsuits.
The Chapter 11 case for Red River Talc LLC, a subsidiary created to advance J&J’s third attempt at resolving tens of thousands of mass tort cases in bankruptcy, was properly filed in Houston and should remain there to carry out the will of a supermajority of claimants, the company told the US Bankruptcy Court for the Southern District of Texas on Wednesday.
Red ...
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