J&J Debtor Seeks Stay Of Appeal By Securities Plaintiff To Await 3rd Circuit Ruling

(July 15, 2022, 8:42 AM EDT) -- TRENTON, N.J. — An appeal by the lead plaintiff in a securities class action against Johnson & Johnson (J&J) and its officers of a ruling by a federal bankruptcy judge that the automatic stay in the Chapter 11 bankruptcy of J&J spinoff LTL Management LLC applies to the securities case should be stayed pending a decision by the Third Circuit U.S. Court of Appeals on the reach of a protective injunction in the bankruptcy case, the debtor says in a July 11 reply brief in New Jersey federal court....