Johnson & Johnson Affiliate Given All Asbestos Liability Files For Bankruptcy

(October 15, 2021, 11:38 AM EDT) -- CHARLOTTE, N.C. — LTL Management LLC, a subsidiary of health care giant Johnson & Johnson (J&J) that was created recently in a corporate restructuring “to hold and manage claims in the cosmetic talc litigation,” filed for Chapter 11 protection on Oct. 14 in North Carolina federal bankruptcy court with plans to create a $2 billion trust to pay asbestos personal injury claims....