Appeals court clears the way for more lawsuits over Johnson's Baby Powder

The 3rd U.S. Circuit Court of Appeals dismissed a bankruptcy filing by a Johnson & Johnson spinoff company, ruling that the company was not in genuine financial distress.

The court noted that the spinoff company still has access to Johnson & Johnson's assets, worth an estimated $61.5 billion.

#JohnsonAndJohnson #BabyPowder #LTLManagement #Bankruptcy #TexasTwoStep #Talc #Asbestos #Cancer #Lawsuit
https://www.npr.org/2023/01/30/1152600293/appeals-court-clears-the-way-for-more-lawsuits-over-johnsons-baby-powder

Appeals court clears the way for more lawsuits over Johnson's Baby Powder

The 3rd U.S. Circuit Court of Appeals dismissed a bankruptcy filing by a Johnson & Johnson spinoff company, ruling that the company was not in genuine financial distress. The court noted that the spinoff company still has access to Johnson & Johnson's assets, worth an estimated $61.5 billion.

#JohnsonsBabyPowder #LTLManagement #Bankruptcy #BankruptcyAbuse #Talc #Asbestos #Cancer #Lawsuit
https://www.npr.org/2023/01/30/1152600293/appeals-court-clears-the-way-for-more-lawsuits-over-johnsons-baby-powder