Johnson & Johnson wins 401(k) lawsuit

Ary Rosenbaum
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

A New Jersey Federal District Court dismissed a complaint by participants in 3 Johnson & 401(k) plans, who alleged that plan fiduciaries failed to protect their investments in company stock offered as a plan investment option.

The participants argued that Johnson & Johnson should have done something after allegations were made that talc and asbestos had been found in some company products such as baby powder.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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