{"id":3061,"date":"2023-08-08T07:00:53","date_gmt":"2023-08-08T12:00:53","guid":{"rendered":"https:\/\/www.molllawgroup.com\/blog\/?p=3061"},"modified":"2023-08-08T09:32:39","modified_gmt":"2023-08-08T14:32:39","slug":"judge-granted-motion-to-dismiss-johnson-johnsons-second-bankruptcy-petition","status":"publish","type":"post","link":"https:\/\/www.molllawgroup.com\/blog\/judge-granted-motion-to-dismiss-johnson-johnsons-second-bankruptcy-petition\/","title":{"rendered":"Judge Granted Motion to Dismiss Johnson &#038; Johnson\u2019s Second Bankruptcy Petition"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3063\" src=\"https:\/\/www.molllawgroup.com\/blog\/wp-content\/uploads\/2023\/08\/johnsons-5671315_640-e1691461365690.jpg\" alt=\"johnsons-5671315_640-e1691461365690\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.molllawgroup.com\/blog\/wp-content\/uploads\/2023\/08\/johnsons-5671315_640-e1691461365690.jpg 600w, https:\/\/www.molllawgroup.com\/blog\/wp-content\/uploads\/2023\/08\/johnsons-5671315_640-e1691461365690-300x200.jpg 300w, https:\/\/www.molllawgroup.com\/blog\/wp-content\/uploads\/2023\/08\/johnsons-5671315_640-e1691461365690-180x120.jpg 180w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>Recently, in an <a href=\"https:\/\/www.nytimes.com\/2023\/07\/30\/business\/johnson-johnson-talc-baby-powder-lawsuit.html\" target=\"_blank\" rel=\"noopener\">important ruling<\/a> for plaintiffs, a bankruptcy judge rejected Johnson &amp; Johnson\u2019s ploy to restrict the talc-related lawsuits against it, finding that the Johnson &amp; Johnson\u2019s bankruptcy petition was filed in bad faith. This was the second time the company was prevented from trying to limit its own exposure and settle lawsuits that allege its talc-based products cause cancer.<strong>\u00a0 <\/strong>If you suffered from cancer due to Johnson &amp; Johnson talc use, consult the seasoned Chicago-based lawyers of Moll Law Group. Billions have been recovered in cases with which we\u2019ve been involved.<\/p>\n<p><strong>Call Moll Law Group About Your Claim<\/strong><\/p>\n<p>Tens of thousands of women have claimed that they suffer from gynecological cancers because they used Johnson &amp; Johnson\u2019s talc products. They claim that Johnson &amp; Johnson knew about the risks that attended use of its talc products, including the baby powder for which the company is famous. In order to shield itself, the company created LTL Management, a subsidiary, and asked the court to allow the subsidiary, which filed for bankruptcy, to be able to pay $8.9 billion in order to resolve all the lawsuits against Johnson &amp; Johnson.<\/p>\n<p>Judge Michael Kaplan of the United States Bankruptcy Court for the District of New Jersey ruled for dismissal of the bankruptcy case because, he reasoned, the plaintiffs\u2019 lawsuits don\u2019t place the company in imminent financial distress. During after-hours trading, the company\u2019s shares dropped nearly 2%. The first bankruptcy effort was dismissed for the same reason by the United States Court of Appeals for the Third Circuit in Philadelphia. <a href=\"https:\/\/www.molllawgroup.com\/blog\/judge-granted-motion-to-dismiss-johnson-johnsons-second-bankruptcy-petition\/#more-3061\" class=\"more-link\">Continue reading \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, in an important ruling for plaintiffs, a bankruptcy judge rejected Johnson &amp; Johnson\u2019s ploy to restrict the talc-related lawsuits against it, finding that the Johnson &amp; Johnson\u2019s bankruptcy petition was filed in bad faith. This was the second time the company was prevented from trying to limit its own exposure and settle lawsuits that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-liability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Judge Granted Motion to Dismiss Johnson &amp; Johnson\u2019s Second Bankruptcy Petition &#8212; Illinois Injury and Mass Tort Lawyer Blog &#8212; August 8, 2023<\/title>\n<meta name=\"description\" content=\"Recently, in an important ruling for plaintiffs, a bankruptcy judge rejected Johnson &amp; Johnson\u2019s ploy to restrict the talc-related lawsuits against &#8212; August 8, 2023\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.molllawgroup.com\/blog\/judge-granted-motion-to-dismiss-johnson-johnsons-second-bankruptcy-petition\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Judge Granted Motion to Dismiss Johnson &amp; Johnson\u2019s Second Bankruptcy Petition &#8212; Illinois Injury and Mass Tort Lawyer Blog &#8212; August 8, 2023\" \/>\n<meta name=\"twitter:description\" content=\"Recently, in an important ruling for plaintiffs, a bankruptcy judge rejected Johnson &amp; Johnson\u2019s ploy to restrict the talc-related lawsuits against &#8212; August 8, 2023\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.molllawgroup.com\/blog\/wp-content\/uploads\/2023\/08\/johnsons-5671315_640-e1691461365690.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Moll Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Judge Granted Motion to Dismiss Johnson & Johnson\u2019s Second Bankruptcy Petition &#8212; Illinois Injury and Mass Tort Lawyer Blog &#8212; August 8, 2023","description":"Recently, in an important ruling for plaintiffs, a bankruptcy judge rejected Johnson &amp; 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