Johnson & Johnson Debtor’s Bankruptcy Case Booted Again As Bad Faith Filing

(July 31, 2023, 2:59 PM EDT) -- TRENTON, N.J. — The Chapter 11 case of Johnson & Johnson (J&J) spinoff LTL Management LLC was dismissed for the second time on July 28, with a New Jersey federal bankruptcy judge finding that the debtor failed to show that it was in “imminent” or “immediate” financial distress as required by the Third Circuit U.S. Court of Appeals when it dismissed the first case for being filed in bad faith....

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