(March 7, 2024, 12:57 PM EST) -- PHILADELPHIA — A New Jersey federal bankruptcy court wrongly imposed an insolvency requirement in dismissing the second Chapter 11 case of Johnson & Johnson (J&J) spinoff LTL Management LLC, and the U.S. trustee, asbestos claimants and other appellees “do little to defend the lower court’s misunderstanding,” the debtor says in its appeal to the Third Circuit U.S. Court of Appeals of the dismissal of its second attempt to reorganize through bankruptcy....