Third Circuit Court of the Supreme People's Court

Louisiana Third Circuit Court of Appeal Upholds State's Grace Period Law for Filing of Child Sex Abuse Lawsuits

Retrieved on: 
Thursday, August 24, 2023
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NEW ORLEANS, Aug. 23, 2023 /PRNewswire/ -- The Louisiana Third Circuit Court of Appeal has affirmed a lower-court ruling that upholds a state law that eliminated the statute of limitations – known as the prescription period – during which child sex abuse claims can be filed in Louisiana. The ruling clears the way for such claims to move forward in the courts.

Key Points: 
  • NEW ORLEANS, Aug. 23, 2023 /PRNewswire/ -- The Louisiana Third Circuit Court of Appeal has affirmed a lower-court ruling that upholds a state law that eliminated the statute of limitations – known as the prescription period – during which child sex abuse claims can be filed in Louisiana.
  • The Louisiana Supreme Court in March approved the firm's petition allowing the grace period provision to remain in place while the justices considered the case.
  • This case was ultimately sent down to the Third Circuit Court, which affirmed the trial court ruling.
  • The Louisiana law also gives victims of childhood sexual abuse until 2024 to sue regardless of their age.

Committee Representing Talc-Related Cancer Victims Files a Motion Seeking Standing to Pursue a $30 Billion Fraudulent Conveyance Complaint

Retrieved on: 
Thursday, May 11, 2023
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NEW YORK, May 11, 2023 /PRNewswire/ -- Today, the Official Committee of Talc Claimants ("TCC," "the Committee") filed a motion in the second bankruptcy case of LTL Management ("LTL," the "Debtor"), seeking standing to avoid what may be one of if not the largest fraudulent transfers in U.S. history. The TCC has already filed a motion to dismiss the case on the ground that, among other things, LTL cannot establish financial distress and, therefore, its second bankruptcy was not filed in good faith. The TCC's standing motion argues that if LTL is ultimately successful in establishing financial distress, it intentionally manufactured that distress by giving up contractual rights against its parent, Johnson & Johnson ("J&J"), worth billions of dollars. The TCC seeks standing to file a complaint to, among other things, avoid and recover that transfer for the benefit of all talc claimants, because "LTL is incapable of acting contrary to J&J's demands."

Key Points: 
  • The TCC's standing motion argues that if LTL is ultimately successful in establishing financial distress, it intentionally manufactured that distress by giving up contractual rights against its parent, Johnson & Johnson ("J&J"), worth billions of dollars.
  • The TCC seeks standing to file a complaint to, among other things, avoid and recover that transfer for the benefit of all talc claimants, because "LTL is incapable of acting contrary to J&J's demands."
  • In an attempt to generate the appearance of financial distress, LTL replaced its 2021 Funding Agreement with an agreement worth tens of billions of dollars less.
  • The TCC's standing motion and complaint case can be viewed on the Case docket, available at: https://dm.epiq11.com/case/ltl/dockets .

Is FTC v. Actavis Causing Pharma Companies to Change Their Behavior?

Retrieved on: 
Saturday, December 3, 2022
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Key Points: 

Statement from Vernon Hill

Retrieved on: 
Friday, July 8, 2022
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PHILADELPHIA, July 8, 2022 /PRNewswire/ -- "In 2008, I brought the "Power of Red" from the highly successful Commerce Bank to Republic Bank.

Key Points: 
  • PHILADELPHIA, July 8, 2022 /PRNewswire/ -- "In 2008, I brought the "Power of Red" from the highly successful Commerce Bank to Republic Bank.
  • We truly served the people of our region and Forbes rated Republic Bank the #1 bank for customer service in America.
  • When I leave Republic First Bancorp as CEO, I will be proud of all that was accomplished during my tenure.
  • I am especially grateful to the talented team that we were able to attract to the bank.