New Jersey Bankruptcy Judge Releases Transcript of Hearing, Ruling Issuing Limited Preliminary Injunction

TRENTON, N.J. –– The bankruptcy judge overseeing LTL Management LLC’s second Chapter 11 petition has released the transcript of the hearing at the end of which he issued a “limited” preliminary injunction staying the commencement of trials in talcum powder litigation against the protected debtors until June 15.

In an April 20 ruling from the bench, Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the District of New Jersey explained he has “more questions than answers” as to whether LTL Management is in financial distress and whether a reorganization would be successful.

Judge Kaplan also weighed in on …