A federal appeals court docket turned down Johnson & Johnson ‘s plan to use a lawful method to force about 38,000 talc lawsuits into personal bankruptcy court, hampering the controversial tactic the firm and a handful of other lucrative corporations have made use of to shift mass individual-harm scenarios to chapter 11.
The Third U.S. Circuit Courtroom of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the client-wellness-merchandise huge established in 2021 to go to bankruptcy court docket the mass lawsuits alleging its talc-based mostly little one powder products and solutions induced cancer.
A federal appeals court docket turned down Johnson & Johnson ‘s plan to use a lawful method to force about 38,000 talc lawsuits into personal bankruptcy court, hampering the controversial tactic the firm and a handful of other lucrative corporations have made use of to shift mass individual-harm scenarios to chapter 11.
The Third U.S. Circuit Courtroom of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the client-wellness-merchandise huge established in 2021 to go to bankruptcy court docket the mass lawsuits alleging its talc-based mostly little one powder products and solutions induced cancer.
