U.S. Bankruptcy Judge In Texas Dismisses Chapter 11 Case Of J&J’s Latest Debtor

( April 1, 2025, 2:33 PM EDT) -- HOUSTON — A Texas federal bankruptcy judge on March 31 dismissed the Chapter 11 case of the latest Johnson & Johnson (J&J) spinoff, Red River Talc LLC, after finding that the debtor’s plan of reorganization, which included a $9 billion asbestos trust, cannot be confirmed because voting on the plan cannot be certified due to irregularities and that the plan “contains impermissible nonconsensual third-party releases.”...

Attached Documents

Related Sections