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JNJ.US
id: 561, Created by Stan Vick, Scout
J&J Talc Products Adverse Effect Securities Litigation
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D. New Jersey
Court18-CV-01833
Case numberInvestors allege that for a period from February 22, 2023, to February 7, 2018, the Company and its Leaders made false or misleading statements, and failed to disclose that:
- J&J has known for decades that its talc products include asbestos fibers and that exposure to those fibers can cause ovarian cancer and mesothelioma.
- The Company could conceal contingent liabilities and loss of future revenues from the product.
As a result of the Company’s actions, Investors could suffer damages when the true details entered the market.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
13 December 2018
Filing date
08 February 2018
Judge
Hon. Freda L. Wolfson