Johnson & Johnson Puts Talc Spinoff Into Ch. 11
Law360 (October 14, 2021, 6:29 PM EDT) — Johnson & Johnson said Thursday that it has sought Chapter 11 protection in North Carolina bankruptcy court for LTL Management, the subsidiary it has newly spun off to hold its cosmetic talc liability. J&J said Thursday that it was seeking Chapter 11 protection for the newly spun off subsidiary […]