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Best Of: Inside Johnson & Johnson’s bankruptcy two-step

Behind the Money

CHAPTER

The Signs of a Successful Life

Last June, we heard about the bankruptcy of Johnson & Johnson subsidiary LTL. The US Court of Appeals decided in January to dismiss that case. It effectively set all those cases like Val Johnson's back to civil courts so they could be heard by juries instead of being lumped into one big bankruptcy case. After that news broke last year, I got the chance to catch up with Val again. Here's some of what he told me: "I suspect I don't have a lot longer to live"

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