BRAUCHER & ASSOCIATES ATTORNEYS AT LAW, MANCHESTER, NH, NORTH ANDOVER, MA
  • Home
  • Our Team
    • Matthew R. Braucher
    • Martha L. Davidson
    • Christopher Jantzen
    • Fahelle Bonheur
    • Anna D’Avolio
    • Jess Mendes
  • Areas of Practice
    • Real Estate Law
    • Bankruptcy
    • Business Law
    • Default Services
    • Civil Litigation
  • About Us
    • Contact Us
    • Legal News
    • Case Results
    • Articles

Innovative Thinking, Positive Results

Johnson & Johnson Survives a Motion to Dismiss that Alleged a Bad Faith Filing

3/8/2022

0 Comments

 
The Johnson & Johnson entity named LTL Management LLC survived a motion to dismiss its chapter 11 case originally filed in North Carolina, in an opinion on February 25 by Chief Bankruptcy Judge Michael B. Kaplan of Trenton, N.J.

Judge Kaplan’s 54-page opinion is a ringing endorsement of chapter 11 as the best alternative in the state and federal legal systems for dealing with mass torts. He found no fault with J&J’s use of the so-called Texas Two-Step to avoid putting the entire enterprise in chapter 11.
​

Judge Kaplan said he had “little trouble finding that the chapter 11 filing serves to maximize the property available to satisfy creditors by employing the tools available under the Bankruptcy Code to ensure that all present and future tort claimants will share distributions through the court-administered claims assessment process.”
0 Comments



Leave a Reply.

    Categories

    All
    Appraisal Fraud
    Bankruptcy
    Business Law
    CARES Act
    Closings
    COVID 19
    COVID-19
    Dischargeability
    Foreclosure
    Fraud
    MA Cases
    NH Cases
    PPP Loan
    Radio Interviews
    Real Estate
    Seminars

    Archives

    March 2022
    February 2022
    January 2022
    November 2021
    July 2020
    April 2020
    June 2019
    April 2019
    March 2019
    September 2018
    July 2018
    October 2017
    August 2017
    October 2016
    April 2016
    June 2014
    March 2014
    November 2013
    April 2013
    May 2010

Picture
Picture
Picture

Home    About Us     Our Team     Areas of Practice     Legal News     Contact Us
© Copyright 2022 Braucher & Associates, PLLC  |  603-486-1530  |  978-702-3077
Picture
Website by Digital Media Design, Inc.
  • Home
  • Our Team
    • Matthew R. Braucher
    • Martha L. Davidson
    • Christopher Jantzen
    • Fahelle Bonheur
    • Anna D’Avolio
    • Jess Mendes
  • Areas of Practice
    • Real Estate Law
    • Bankruptcy
    • Business Law
    • Default Services
    • Civil Litigation
  • About Us
    • Contact Us
    • Legal News
    • Case Results
    • Articles