Judge Blocks Securities Class Action To Protect Chapter 11 Case Of J&J Debtor

Mealey's (May 3, 2022, 11:38 AM EDT) -- TRENTON, N.J. — A New Jersey federal bankruptcy judge on April 29 halted a securities class action against Johnson & Johnson (J&J) and its officers after giving “significant weight to the harms that could befall” J&J spinoff LTL Management LLC in its Chapter 11 case....