Organization

U.S. Court of Appeals for the Third Circuit

Federal appeals court for Delaware, New Jersey, Pennsylvania and the Virgin Islands.

3 links, 3 backed by primary records

Connections 3

LTL Management LLC 30 Jan 2023 bankruptcy petition dismissed: LTL was not in financial distress, so it did not meet the Code's good-faith requirement Primary record 1

J&J talc bankruptcies dismissed LTL's petition, 30 January 2023 Primary record 1
LTL Management bankruptcy over talc claims decided the appeal Primary record 2

Timeline 1 date

Proof 2 sources

In re LTL Management, LLC, Nos. 22-2003 and others, opinion of the Third Circuit, U.S. Court of Appeals for the Third Circuit, 30 Jan 2023. Primary record
Only a putative debtor in financial distress can do so. LTL was not. Thus we dismiss its petition.
Good intentions— such as to protect the J&J brand or comprehensively resolve litigation—do not suffice alone.
In re LTL Management, LLC, opinion of the U.S. Court of Appeals for the Third Circuit, Nos. 22-2003 and others, U.S. Court of Appeals for the Third Circuit, 30 Jan 2023. Primary record
Because LTL was not in financial distress, it cannot show its petition served a valid bankruptcy purpose and was filed in good faith under Code § 1112(b).

Page history 1 change