In Big Win for Talc Claimants, the Third Circuit Court of Appeals Dismisses J&J Subsidiary’s Bankruptcy
The Third Circuit Court of Appeals issued a ruling dismissing the bankruptcy petition of Johnson & Johnson’s (J&J’s) subsidiary, LTL Management LLC (“LTL”). J&J had attempted to isolate its talc litigation liabilities in LTL so that LTL could file for bankruptcy without subjecting J&J to bankruptcy proceedings. The Third Circuit found that the bankruptcy case was not filed in good faith and remanded the case back to the federal bankruptcy court in New Jersey with the instruction to dismiss the bankruptcy petition. The ruling also annuls the injunction previously issued by the federal bankruptcy court that had stayed the thousands of talcum powder products lawsuits pending against J&J.
Cohen & Malad, LLP attorneys are representing hundreds of women who used Johnson & Johnson talcum powder products for feminine hygiene and were diagnosed with ovarian cancer. If you used these products and have been diagnosed with ovarian cancer, contact us for a free case evaluation.