ERISA J&J Stock Class Defends Claims That Fiduciaries Failed To Act

Mealey's (September 17, 2020, 2:12 PM EDT) -- NEWARK, N.J. — A recently reinstated Second Circuit U.S. Court of Appeals case and fresh allegations regarding incorporation of Johnson & Johnson regulatory filings into plan documents preserve a case claiming that the fiduciaries caused $30 million in damages by investing in knowingly inflated company stock, a class says in a Sept. 14 opposition to dismissal (Michael Perrone, et al. v. Johnson & Johnson, et al., No. 19-923, D. N.J.)....