Lawyers gave their final words Friday on whether to confirm Johnson & Johnson’s proposed $10 billion bankruptcy plan, with much of the closing arguments focused on the votes of thousands of talc claimants.
Lawyers for Johnson & Johnson and its subsidiary, Red River Talc, which filed the Chapter 11 case last year, insisted that 75% or more of talc claimants voted in favor of the plan, but a coalition of firms opposing the bankruptcy have raised accusations of ballot stuffing.
