J&J, Cancer Victims Agree to Quick Appeal of Bankruptcy Ruling

Johnson & Johnsonand a committee of cancer victims have agreed to speed up a court appeal of their fight regarding whether the health-care giant can use bankruptcy to end as many as 100,000 talc-related claims.

The move could cut months off the appeals process. The first time the two sides fought about the issue, it took about a year and resulted in the bankruptcy case being dismissed.

Now, J&J intends to appeal a decision by US Bankruptcy Judge Michael Kaplan to throw out the insolvency case of LTL Management, the unit the company created in order to try ...