Judge Limits Interim Stay, TRO Protections To J&J Debtor And Its Predecessor

Mealey's (October 28, 2021, 12:39 PM EDT) -- CHARLOTTE, N.C. — Bankrupt Johnson & Johnson (J&J) subsidiary LTL Management LLC and its predecessor are the only two parties entitled to injunctive relief barring asbestos talc claims, and only until an upcoming hearing to decide the debtor’s request for further relief, a North Carolina federal bankruptcy judge ruled Oct. 26 in a recent adversary proceeding in declining to extend the bankruptcy stay or an injunction protecting hundreds of nondebtor parties like J&J....