ATRA Applauds Court's Decision to Allow LTL's Bankruptcy Process to Proceed - ATRA

ATRA Applauds Court’s Decision to Allow LTL’s Bankruptcy Process to Proceed

Press Releases | February 25, 2022

FEBRUARY 25, 2022 (WASHINGTON) – Today, Chief Judge Michael Kaplan, U.S. Bankruptcy Judge for the District of New Jersey, denied claimants motions to dismiss LTL’s bankruptcy proceedings. Statement from American […]

FEBRUARY 25, 2022 (WASHINGTON) – Today, Chief Judge Michael Kaplan, U.S. Bankruptcy Judge for the District of New Jersey, denied claimants motions to dismiss LTL’s bankruptcy proceedings.

Statement from American Tort Reform Association (ATRA) President Tiger Joyce:

“We are pleased that LTL’s bankruptcy will be allowed to proceed, which ensures a fair and efficient resolution for current and future claims in this case. The attempt to block what is a legitimate use of the Chapter 11 system was motivated by plaintiffs’ lawyers’ desire to bring their cases in a flawed mass tort system where high-dollar awards, low evidentiary standards, and low barriers of entry are the norm. Their profit motives should not be given priority over the interests of both claimants and debtors operating in good faith.”

ATRA’s Tiger Joyce also penned an op-ed in February, when Congress held its second hearing on the bankruptcy process, detailing the need for Congress to prioritize national interests over the profit motives of plaintiffs’ lawyers and address the real issues driving the bankruptcy process.

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