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Johnson & Johnson Sued for Alleged Violation of ERISA Duties in Three 401(k) Plans
Pensions & Investments 
Jan. 30, 2019 "Two lawsuits claim that fiduciaries should have taken action to reduce the impact on the J&J stock based on allegations that the health-products company failed to disclose information about talc being used in the company's baby powder.... [The lawsuits] said fiduciaries' inaction caused 401(k) plan participants to lose money on their investments in company stock, the price of which, they allege, was inflated." [Perrone v. Johnson & Johnson, No. 19-923 (D.N.J. complaint filed Jan. 22, 2019); Tarantino v. Johnson & Johnson Pension & Benefits Comm., No. 19-1115 (D.N.J. complaint filed Jan. 25, 2019)] MORE >> |
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