Attorney Adam C. Silverstein alleged that the 75% approval threshold set by J&J was only met after a deal was struck with the Smith Law Firm to switch 1,500 votes from no to yes—a move he claimed happened without direct input from claimants.
“This is a blatant double standard,” Silverstein argued.
Meanwhile, U.S. Trustee’s Office counsel Linda Richenderfer urged the court to scrap the vote and start over, citing concerns about improper solicitation outside the bankruptcy framework.
“The voting system here is going to be the poster child for why you shouldn’t do solicitation outside of bankruptcy,” she said.
Bad Faith Allegations and Third-Party Releases
Critics argue the case should be thrown out just like J&J’s previous bankruptcy attempts. Red River has no employees or operations, opponents claim, proving that J&J can afford to pay its liabilities without using bankruptcy as a shield.
“The reason we’re here today is Johnson & Johnson doesn’t trust the process,” Silverstein declared. “They’re busting the process.”
