Lawyers for talc claimants escalated their efforts on Tuesday to prevent Johnson & Johnson from initiating a third bankruptcy filing outside New Jersey. The legal move comes after two prior Chapter 11 cases were dismissed within the state. The recent motion for a temporary restraining order and preliminary injunction is part of a class action filed last month in the U.S. District Court for the District of New Jersey, where Johnson & Johnson is accused of depriving cancer victims of compensation through multiple fraudulent transfers, including the infamous “Texas two-step” maneuver.
For further details, please refer to the original article.