Law professors join fight against J&J's controversial move to spin out talc assets and file for bankruptcy
With lawsuits piling up alleging its talc-based products caused cancer, J&J controversially spun its related liabilities into a separate company and filed for bankruptcy back in October. Now a committee representing the talc claimants is saying not so fast — and seven bankruptcy law professors are joining the chorus.
A group of professors from universities across the country is looking to submit an amici curiae, or “friend of the court,” brief in support of a motion by the talc claimants’ committee to dismiss J&J’s Chapter 11 case, according to court documents filed on Tuesday.
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