Johnson & Johnson Debtor Seeks To Enjoin Securities Class Action

(March 11, 2022, 2:52 PM EST) -- TRENTON, N.J. — Johnson & Johnson (J&J) unit and Chapter 11 debtor LTL Management LLC filed an adversary action and motion on March 7 in New Jersey federal bankruptcy court seeking to enjoin a securities class action against J&J during the pendency of the bankruptcy case so the debtor can reorganize and establish a trust to pay asbestos personal injury claims....