Law firm: Shumaker Loop & Kendrick LLP

17 March 2023

Third U.S. Circuit Court of Appeals issues landmark ruling dismissing chapter 11 case of Johnson & Johnson subsidiary.


The court emphasised that LTL was not in “financial distress” when it filed Chapter 11 due to a $61.5 billion “backstop” funding agreement with Johnson & Johnson. This ruling is … Continued

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