Johnson & Johnson Seeks Dismissal Of Securities Class Action

Mealey's (May 8, 2019, 2:08 PM EDT) -- TRENTON, N.J. — The lead plaintiff in a securities class action against health care products manufacturer Johnson & Johnson (J&J) and several of its current and former senior executives has failed to plead any material misstatements or omissions, scienter or loss causation in alleging that the defendants concealed from investors that their talc and baby powder products contained asbestos in violation of federal securities laws, the defendants argue in a May 3 motion to dismiss filed in New Jersey federal court (Frank Hall v. Johnson & Johnson, et al., No. 18-1833, D. N.J.)....