LTL Management LLC
Case Number:
3:21-bk-30589
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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July 21, 2022
Crypto Dominos Keep Falling, J&J Wants Talc Injunction
Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
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May 10, 2022
Week In Bankruptcy: Mass Torts Stumble, New Ch. 11 Crop
The past week has seen a trio of large Chapter 11 cases hit the dockets as debt holders become less permissive, the Diocese of Camden meet a wall of opposition from its insurers who aren't on board with a new $90 million plan to deal with sex abuse claims, and entities related to conspiracy theorist Alex Jones face challenges from families of Sandy Hook victims to their bankruptcy filings. This is the week in bankruptcy.
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April 26, 2022
Week In Bankruptcy: InfoWars' Shaky Start, Releases Still Roil
Alex Jones moved three holding companies into bankruptcy last week to shield his intellectual property from defamation suits, immediately drawing the ire of the Sandy Hook families that sued him for defamation, the Office of the U.S. Trustee and the judge overseeing the cases; the U.S. trustee continued its national crusade against non-consensual third-party releases; and mass tort cases chugged along. This is the week in bankruptcy.
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February 10, 2022
J&J Unit Says Ch. 11 Is Best Response To Talc Suit 'Tsunami'
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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February 07, 2022
J&J Drops Bid To Block Reuters Story As Attys Trade Barbs
Johnson & Johnson on Sunday dropped its bid — at least for now — to block Reuters' reporting that it secretly planned a bankruptcy spinoff for months to limit talc injury losses amid sparring from attorneys for the pharmaceutical giant and talc plaintiffs over the news agency's sources.
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February 04, 2022
Reuters Says J&J Too Late To Nix Story Over Atty Leak Claim
Following Johnson & Johnson's claim that plaintiffs' lawyers improperly leaked documents to Reuters, the news agency told a New Jersey bankruptcy judge Friday that the pharmaceutical giant can't block reporting that it secretly planned a bankruptcy spinoff for months to limit talc injury losses because the article has now been published.
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February 03, 2022
J&J Says Talc Plaintiff Attys Fed Confidential Docs To Reuters
Johnson & Johnson told a New Jersey bankruptcy judge Thursday that attorneys for people suing the pharmaceutical giant over its allegedly harmful talc products shared confidential documents with Reuters in an attempt to try its subsidiary's bankruptcy case in the media.
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February 03, 2022
Scholar Briefs OK'd In J&J Talc Unit's Ch. 11 Dismissal Bid
Three amicus briefs prepared by legal and bankruptcy professors will be allowed in the Chapter 11 proceeding of Johnson & Johnson's bankrupt talc unit as a hearing over talc claimants' motion to dismiss the case draws near, a New Jersey judge ruled Thursday.
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December 15, 2021
Jones Day Can Rep J&J Talc Unit In Ch. 11 For Now
A New Jersey bankruptcy judge gave interim approval Wednesday for Jones Day to serve as counsel for a Johnson & Johnson talcum powder liability spinoff in Chapter 11 proceedings, saying he sees no actual conflicts caused by the firm's concurrent representation of related entities.
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December 09, 2021
US Trustee Wants Jones Day Booted From J&J Talc Ch. 11
The U.S. Trustee's Office has told the New Jersey bankruptcy court that Jones Day can't serve as Chapter 11 counsel to a Johnson & Johnson talc liability spinoff because the firm's current and past representation of the personal care products giant and certain affiliates creates a conflict of interest.