The New Jersey bankruptcy judge who declined to toss a Johnson & Johnson talcum powder liability unit's Chapter 11 case hesitated to allow the litigants' planned appeal to bypass district court review and go directly to the Third Circuit, saying Tuesday he wasn't sure he could certify an interlocutory order.
Jones Day can continue serving as Chapter 11 counsel for Johnson & Johnson's talcum powder liability unit following a New Jersey bankruptcy judge's determination Tuesday that the firm's former role as the personal care product giant's restructuring counsel doesn't create a conflict of interest.
Jones Day can continue serving as Chapter 11 counsel for Johnson & Johnson's talcum powder liability unit following a New Jersey bankruptcy judge's determination Tuesday that the firm's former role as the personal care product giant's restructuring counsel doesn't create a conflict of interest.
Many in the plaintiffs bar and its advocates say Johnson & Johnson set up a "stooge" talc subsidiary to serve as a "fall guy" in Chapter 11 and that a New Jersey bankruptcy judge's decision to greenlight the case deprives claimants of their right to a trial, a situation that can only be remedied with a legislative solution.
2nd Circuit Dist of New Jersey Bankruptcy case of LTL Management, a Johnson & Johnson J&J subsidiary was filed in good faith Chapter 11 case addressing more than 38,000 eking to address more than 38,000 ovarian cancer and mesothelioma claims.