Using Bankruptcy to Duck Mass Torts Just Got Harder Podcast

The Third Circuit recently ruled that the consumer products giant Johnson & Johnson can't create an entity to spin off billions of dollars of liability (relating to consumer lawsuits claiming Johnson & Johnson’s talc product contained traces of harmful asbestos) and then have that entity file for bankruptcy protection. Check out this podcast discussing and analyzing the case.

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  Read about the Third Circuit's recent decision that dismissed the Chapter 11 bankruptcy case of LTL Management LLC, the Johnson & Johnson subsidiary.

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  See this practice note for the requirements for dismissing a Chapter 11 bankruptcy case pursuant to Section 1112 of the Bankruptcy Code.

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