Johnson & Johnson is using a Texas law and bankruptcy court to resolve legal liabilities tied to its talc products, placing a new subsidiary holding the claims in Chapter 11 protection. The new unit, LTL Management LLC, filed for bankruptcy in North Carolina on Thursday. In court documents, it listed as much as $10 billion of assets and as much …
Read More »Johnson & Johnson forms new subsidiary to take ovarian cancer claims into bankruptcy court
October 15, 2021