This chapter discusses the bankruptcy case of a J and J subsidiary called LTL, which was created to handle the talc liabilities related to the baby powder product. The chapter mentions ongoing litigation and a trial scheduled for the following week.
Featuring: Peloton, AMC, Mallinckrodt and Surprise Medical Billing legislation.
For this week’s Deep Dive, Reorg’s Mike Legge, Karen Leung and David Mayo join us to discuss the current state of play of third-party releases in bankruptcy, reviewing recent decisions in Purdue Pharma, Ascena Retail and Mallinckrodt, as well as reviewing the ongoing case of LTL Management and other “Texas two-step” bankruptcies.
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