Johnson & Johnson ’s use of bankruptcy to shift mass talc lawsuits against the company to chapter 11 will meet its most serious test yet before a federal appeals judge whose influential bankruptcy rulings shape one of the nation’s top corporate restructuring hubs.

Judge Thomas Ambro sits on the three-judge panel that will hear arguments Monday in a Philadelphia courtroom over an emerging corporate restructuring strategy where companies facing mass personal-injury litigation use a Texas law to create a new subsidiary with minimal business operations and make it responsible for tort liabilities before filing for bankruptcy.

This post first appeared on

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

California moves to embrace cryptocurrency and regulate it

California, which has an economy larger than all but four countries and…

Musk Unveils Tesla’s Humanoid Robot Optimus

Elon Musk showed off a new humanoid robot Friday at a Tesla…

F.T.C. Sues to Block Microsoft’s $69 Billion Acquisition of Activision

The Federal Trade Commission, in one of the most aggressive actions taken…

Why Gen Z was watching David Dobrik and the Vlog Squad — and brands were paying him

Many Baby Boomers and Gen Xers perceive Gen Z as the instigators…