Inside Johnson & Johnson’s bankruptcy two-step
Behind the Money
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The Bankruptcy Court Is the Best Place to Hear These Sorts of Cases
The te claimants lawyers argued that you know j j is in no way in financial trouble. It's a corporation with a triple a credit writing it is worth almost half a trillion dollars. So it's unfair to say that these potential paites could, youow, could force it into bankruptcy. That was one of their key arguments. But after a hearing in february, the bankruptcy judge on the case denied the tal claimants motion to dismiss he said that they hadn't proven that j and j had acted in bad faith by placing alt ell into bankruptcy. The tal claimants responded by filing an appeal. This means that once again, the tau claimants will have the opportunity to try to prove
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