J&J talc unit LTL Management reports $13.4 million June net loss

By Sarah Lizee

Olympia, Wash., July 22 – Johnson & Johnson subsidiary LTL Management LLC reported a $13.4 million net loss for June on zero gross income/sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.

The company had a cash balance of $11.79 million at the end of the month.

Johnson & Johnson is a consumer products company based in New Brunswick, N.J. The LTL Management subsidiary filed Chapter 11 bankruptcy on Oct. 14, 2021 under case number 21-30589.

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