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J&J Unit Says Ch. 11 Is Best Response To Talc Suit 'Tsunami'

By Leslie A. Pappas ( February 10, 2022, 8:59 PM EST) -- Bankrupt Johnson & Johnson talc unit LTL Management LLC responded to motions to dismiss its Chapter 11 case, saying bankruptcy is the most efficient way to address the 38,000 talc claims it is facing and avoid the tort system's propensity for lottery-like results for claimants....

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