3rd Circuit Will Again Rule On Dismissal Of LTL Management Bankruptcy

(November 21, 2023, 4:20 PM EST) -- TRENTON, N.J. — The Third Circuit U.S. Court of Appeals will decide if the second Chapter 11 case of Johnson & Johnson (J&J) spinoff LTL Management LLC should be dismissed like its first case for lack of financial distress, with the debtor asking the appeals court in a case summary to rule on whether a bankruptcy judge “misapplied the law and made clearly erroneous findings of fact” when dismissing the second case....