Johnson & Johnson Concealed Asbestos-Talc Problems To Inflate Stock, Class Claims

Mealey's (January 24, 2019, 1:33 PM EST) -- NEWARK, N.J. — Johnson & Johnson (J&J) inflated its stock price by hiding the fact that its flagship baby powder product contained asbestos, defined contribution plan participants allege in a Jan. 22 Employee Retirement Income Security Act class action (Michael Perrone, et al. v. Johnson & Johnson, et al., No. 19-923, D. N.J.)....