Johnson & Johnson employees who trusted the company with their retirement savings by investing in the company’s stock are suing the consumer health care giant. They accuse the company of overvaluing its stocks while hiding the fact that its talcum powder products contained cancer causing asbestos, according to a proposed class action complaint filed in New Jersey federal court, Law360 reported. Lead plaintiff Michael Perrone claims that J&J and some of its senior executives violated the Employee Retirement Income Security Act (ERISA) by failing to act in the best interest of their retirement plans because they knew for decades that ... Read More
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