J&J’s LTL granted extension for exclusivity period over objection

Chicago, May 9 – Johnson & Johnson subsidiary LTL Management LLC was granted an extension to the exclusivity period, according to an order filed Monday with the U.S. Bankruptcy Court for the District of New Jersey.

The company now has until Sept. 9 for the exclusive filing period and until Nov. 8 for the exclusive solicitation period.

The official committee of talc claimants had objected to the extension and wanted to present a competing plan earlier.

If LTL files a plan of reorganization before Sept. 9, the committee will have 15 days from the filing date to file a motion to allow the committee to file a competing plan of reorganization.

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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