A federal appeals court’s decision to dismiss Johnson & Johnson’s talc bankruptcy sets the stage for trials to restart, but it won’t be right away.
Johnson & Johnson immediately said it would seek a rehearing en banc from the U.S. Court of Appeals for the Third Circuit, which found on Monday that its LTL Management subsidiary wasn’t in financial distress when filing for Chapter 11 protection in 2021. Johnson & Johnson’s move could delay possible trials, say lawyers involved in the talc cases.
