Johnson & Johnson Debtor, Investor Battle Over Halting Securities Class Action

Mealey's (April 13, 2022, 8:15 AM EDT) -- TRENTON, N.J. — There is “considerable risk of irreparable harm” to the Chapter 11 case of Johnson & Johnson (J&J) spinoff LTL Management LLC if a securities class action against J&J and its officers is allowed to proceed, the debtor says in an April 8 reply in support of its motion in an adversary case in New Jersey federal bankruptcy court to enjoin and stay the securities action during the bankruptcy case....