Johnson & Johnson Unit’s Chapter 11 Case Filed In Bad Faith, 3rd Circuit Told

Mealey's (October 14, 2022, 10:45 AM EDT) -- PHILADELPHIA — Allowing Johnson & Johnson (J&J) to create an affiliate company and place it into bankruptcy to free itself of liability for asbestos-talc claims is a perversion of the guiding principles of the U.S. Bankruptcy Code, a Third Circuit U.S. Court of Appeals panel was told during oral argument in appeals of a bankruptcy court’s refusal to dismiss the Chapter 11 case of the affiliate for being filed in bad faith....