Johnson & Johnson New Subsidiary LTL Management Files for Chapter 11 Bankruptcy, Spin-Off Holds Talc Liabilities
October 14, 2021
DOCUMENTS
- Petition
NEW BRUNSWICK, N.J. –– A new, separate subsidiary of Johnson & Johnson that was created to “hold and manage claims in the cosmetic talc litigation,” has filed for Chapter 11 bankruptcy protection, Johnson & Johnson has announced.
In the Oct. 14 announcement, Johnson & Johnson explained that the filing is “intended to resolve all claims related to cosmetic talc in a manner that is equitable to all parties, including any current and future claimants.”
“Johnson & Johnson and its other affiliates did not file for bankruptcy protection and will continue to operate their businesses as usual,” the announcement said. “…To …
UPCOMING CONFERENCES
![](https://harrismartin.s3.amazonaws.com/media/CACHE/images/uploads/conferences/iStock-1194111238/676070b74c476caea791c965bb161cef.jpg)
HarrisMartin’s Artificial Stone Silicosis Epidemic Litigation Conference
October 25, 2024 - Long Beach, CA
The Westin Long Beach