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J&J talc case: Claimants seek two official creditors' committees
Chicago, April 27 – An objection to a motion in the Johnson & Johnson subsidiary LTL Management LLC bankruptcy case asserts that certain ovarian cancer claimants should not be appointed to the official committee of talc claimants, according to a motion filed Tuesday with the U.S. Bankruptcy Court for the District of New Jersey.
The firm filing the motion, Maune Raichle Hartley French & Mudd, LLC, says that mesothelioma claimants and ovarian cancer claimants should have separate official committees to represent them.
If that will not be the case, either there should be no changes made to the membership of the official committee of talc claimants or that a corresponding number of claimants are added so that the ratio between the two groups can be maintained.
The current committee of talc claimants is comprised of six ovarian cancer claimants, four mesothelioma claimants and one lien holder claimant.
LTL would prefer one committee, citing two committees as too expensive.
The firm filing the motion represents many mesothelioma claimants, and the balance of the different claimants has been a source of contention.
The single committee is pitting the “victims against the other,” according to the motion.
Johnson & Johnson is a consumer products company based in New Brunswick, N.J. The LTL Management subsidiary filed Chapter 11 bankruptcy on Oct. 14, 2021 under case number 21-30589.
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