A lawyer representing individuals with talc injury claims against Johnson & Johnson Inc. called a request by the company's bankrupt subsidiary to estimate a dollar value for the litigation "a road to nowhere."

David Molton, a lawyer representing a committee of injury claimants, during a hearing Tuesday in the U.S. Bankruptcy Court in Trenton, N.J., said J&J's talc subsidiary LTL Management LLC has a nearly unlimited pool of funds from the consumer health giant to pay plaintiffs the full value of their legal claims against the company.

Mr. Molton said LTL's pending request for a bankruptcy judge to estimate the value of the litigation and pay plaintiffs less than they believe they are entitled to was a non-starter.

U.S. Bankruptcy Judge Michael Kaplan said he would rule Thursday morning on the request for an estimation proceeding.

 

Write to Jonathan Randles at jonathan.randles@wsj.com

 

(END) Dow Jones Newswires

July 26, 2022 17:57 ET (21:57 GMT)

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