James A. Byrne U.S. Courthouse, which houses the U.S. Court of Appeals for the Third Circuit, and the U.S. District Court for the Eastern District of Pennsylvania, in downtown Philadelphia, on April 3, 2021. (Credit: Diego M. Radzinschi/ALM) In 'Landmark' Win for Talc Plaintiffs, Third Circuit Dismisses Johnson & Johnson Unit's Bankruptcy
On Monday, the U.S. Court of Appeals for the Third Circuit reversed a bankruptcy judge's decision, concluding that Johnson & Johnson subsidiary LTL Management was not in financial distress at the time it filed its Chapter 11 case in 2021.
January 30, 2023 at 03:20 PM
6 minute read
Bankruptcy
The original version of this story was published on Law.com
In a big win for plaintiffs suing over Johnson & Johnson's baby powder, an appeals court dismissed a Chapter 11 talc case that had halted trials across the country.
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