Talc cancer claimants in a Johnson & Johnson subsidiary’s bankruptcy asked a judge to dismiss the Chapter 11 case, saying the company is not financially distressed.
LTL Management LLC filed for Chapter 11 for the second time to settle tens of thousands of claims that Johnson & Johnson’s baby powders caused cancer. The April 4 filing is “is an abuse of the bankruptcy system and an affront to our justice system, created to further a massive corporation seeking a litigation advantage over victims harmed by its own products,” an official committee of talc claimants said in its motion to dismiss ...
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