Third Circuit Dismisses J&J Affiliate LTL's Talc Liability Chapter 11 Filing; "Good Faith" Under 1112(b) Requires Financial Distress | Cadwalader, Wickersham & Taft LLP
Executive Summary: On January 30, 2023, the U.S. Court of Appeals for the Third Circuit (the “Court”) issued an opinion in In re LTL Management, LLC, No. 22-2003, 2023...