Asbestos Claimants Overruled, J&J Unit Granted Extension To File Bankruptcy Plan

Mealey's (May 6, 2022, 12:40 PM EDT) -- TRENTON, N.J. — A New Jersey federal bankruptcy judge in a May 4 minute order approved a request by Johnson & Johnson (J&J) spinoff and Chapter 11 debtor LTL Management LLC for more time to file a plan of reorganization, over the objection of a committee of asbestos-talc claimants who had sought to file their own plan for the debtor....