Johnson & Johnson talc unit gets short exclusivity extension

By Sarah Lizee

Olympia, Wash., Nov. 29 – Johnson & Johnson subsidiary LTL Management LLC received another short extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed with the U.S. Bankruptcy Court for the District of New Jersey.

The company now has the exclusive right to file a plan through Jan. 19 and solicit votes through March 20.

If the debtor files a plan on or prior to Jan. 19, the official committee of talc claimants will have 15 days from the date the plan was filed to file a motion seeking authority to file a competing plan.

A hearing on further extension is scheduled for Jan. 18.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.