A U.S. court on Friday declined to delay the dismissal of a Johnson & Johnson company's bankruptcy, directing the bankruptcy to be dismissed despite a planned U.S. Supreme Court appeal that could revive the company's effort to resolve tens of thousands of lawsuits over its talc products in bankruptcy.
March 31 - A U.S. court on Friday declined to delay the dismissal of a Johnson & Johnson company's
bankruptcy, directing the bankruptcy to be dismissed despite a planned U.S. Supreme Court appeal that could revive the company's effort to resolve tens of thousands of lawsuits over its talc products in bankruptcy. J&J sought to use the bankruptcy of its subsidiary company, LTL Management, to halt more than 38,000 lawsuits alleging the company’s Baby Powder and other talc products are contaminated with asbestos. J&J maintains its consumer talc products are safe and asbestos-free.in January, when the 3rd U.S.
LTL asked the 3rd Circuit to delay its ruling from taking effect until the company has time to pursue an appeal to the U.S. Supreme Court. The 3rd Circuit denied that request in a brief written order Friday, instead directing the a U.S. bankruptcy judge to close LTL's bankruptcy case.
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