🔥Johnson & Johnson Doesn’t Get a Southern Welcome in Bankruptcy Court🔥

Last week we listed “Talc Claimants” in our “Losers” section since Johnson & Johnson Inc. ($JNJ) had gone ahead with its cynical maneuver to dump its talc liabilities in bankruptcy court while leaving the rest of the enterprise a presumed beneficiary of the automatic stay. Supporting the view that the automatic stay would apply not just to the bankrupt entity, LTL Management, but also to non-debtor JNJ, generally, is the choice of forum, a bankruptcy court in North Carolina, which falls under the Fourth Circuit. We’ll spare you a lot of boring legal jabber, but there’s precedent in the Fourth Circuit for…

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