Jurist Famous for Chapter Experience Will Weigh J&J Talc Attraction

Johnson & Johnson ’s use of chapter to shift mass talc lawsuits in opposition to the corporate to chapter 11 will meet its most severe check but earlier than a federal appeals choose whose influential chapter rulings form one of many nation’s prime company restructuring hubs.

Decide Thomas Ambro sits on the three-judge panel that can hear arguments Monday in a Philadelphia courtroom over an rising company restructuring technique the place firms dealing with mass personal-injury litigation use a Texas regulation to create a brand new subsidiary with minimal enterprise operations and make it answerable for tort liabilities earlier than submitting for chapter.

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