Securities Class, J&J Face 3rd Circuit On Asbestos-Talc Disclosures Under ERISA

Mealey's (January 11, 2022, 8:07 AM EST) -- NEWARK, N.J. — A class of investors seeking to hold Johnson & Johnson responsible for allegedly breaching Employee Retirement Income Security Act fiduciary duty by not issuing corrective disclosures announcing its knowledge that asbestos contaminated its talc products will go up against the company’s claim that the appeal is a “quixotic attempt” to change the strict standard requiring a showing of potential alternative conduct that would not have done more harm than good when the Third Circuit U.S. Court of Appeals hears oral arguments on Jan. 20....