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...He has previously worked on attempted rescues of the distressed retailers ToysRUs, J C Penney, Barneys, and Macy’s and more recently WeWork, the highly indebted flexible office space provider, which filed...
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...In March a judge dismissed J&J’s first attempt to use the bankruptcy courts to manage claims that its talcum powder could cause cancer....
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...“Bankruptcy courts are for honest companies in financial distress, not billionaire mega-corporations like J&J, 3M and Koch Industries, that seek to close courthouse doors to their victims.”...
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...The list includes household names such as JC Penney, Brooks Brothers, J Crew and Neiman Marcus. Since then, the number of retail bankruptcy filings has reduced sharply, down more than half in 2021....
...“J&J’s efforts to escape liability, after denying it in court so long, tarnishes and defames its iconic brand.” J&J has denied its talc contains asbestos and can cause cancer....
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