Third Circuit Dismisses Talc Bankruptcy
Hunton Andrews Kurth
JANUARY 31, 2023
On Monday, January 30, 2023, the Third Circuit in In re LTL Management, LLC 1 ordered debtor LTL Management, LLC’s (“LTL”) chapter 11 petition dismissed for failure to demonstrate that the petition was filed in good faith pursuant to the Bankruptcy Code. 2 The dismissal of LTL’s bankruptcy will also result in the termination of an injunction staying numerous lawsuits against third-parties—including lawsuits against certain third-party retailers being sued for allegedly having sold certain allege
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