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J&J talc unit LTL Management reports $12.3 million July net loss
Chicago, Aug. 19 – Johnson & Johnson subsidiary LTL Management LLC reported a $12.3 million net loss for July on zero gross income/sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of New Jersey.
The company had a cash balance of $13.46 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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