Talc Victims Call J&J Unit’s Claims Estimation Pitch ‘Pointless’

A Johnson & Johnson unit’s proposal to estimate how many billions of dollars it may owe to people who say the company’s talc made them ill is a “road to nowhere,” a committee representing cancer victims told a bankruptcy judge.

The New Jersey bankruptcy court overseeing the Chapter 11 case of J&J spinoff LTL Management LLC should reject LTL’s motion to have the court estimate the potential cost of what it could owe tort victims, the committee said in a brief filed Sunday.

The filing comes in response to LTL’s Friday brief saying estimation is “the only practical path forward” ...