Third Circuit to Consider Validity of J&J’s Use of Bankruptcy to Handle Asbestos Claims
On September 19, 2022, a panel of three judges for the Third Circuit heard oral argument in In re LTL Management LLC, Case No. 22-2003. Before the Court is Johnson & Johnson’s (J&J) use of Chapter 11 to resolve asbestos-related litigation. The appeal to the Third Circuit follows a ruling by the U.S. Bankruptcy Court for …