Johnson & Johnson unit’s bankruptcy case transferred to New Jersey

By Sarah Lizee

Olympia, Wash., Nov. 10 – Johnson & Johnson’s newly created subsidiary LTL Management LLC’s Chapter 11 bankruptcy case has been transferred to the U.S. Bankruptcy Court for the District of New Jersey from the U.S. Bankruptcy Court for the Western District of North Carolina.

As previously reported, the bankruptcy administrator had requested the transfer.

“While the venue may be barely proper in this district because the debtor is a North Carolina entity, nothing requires the court to give deference to the debtor’s choice of venue when it is entirely manufactured,” the bankruptcy administrator said in their motion.

The bankruptcy administrator also said the convenience of the parties is a further basis for transferring the case to New Jersey, where a majority of the debtor’s litigation was pending pre-petition.

They added that judicial economies are most likely to be achieved in New Jersey, which is where the debtor’s non-debtor affiliates have headquarters and where the debtor’s principal asset is located.

Johnson & Johnson is a consumer products company based in New Brunswick, N.J. The LTL Management subsidiary filed Chapter 11 bankruptcy on Oct. 14 under case number 21-30589.

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