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THE GEORGE LEON FAMILY TRUST v. COLEMAN et al
Case Number:
3:12-cv-04401
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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June 25, 2014
J&J Wins Investor Suit Over Ex-CEO's $30M Salary
A New Jersey federal judge on Wednesday threw out a shareholder derivative suit alleging Johnson & Johnson and its board of directors showered a former CEO with $30 million in annual pay, saying the board was independent and acted in good faith.
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November 18, 2013
J&J Rips Derivative Suit Over Ex-CEO's $30M Salary
Johnson & Johnson on Friday pressed a New Jersey federal judge to scrap a shareholder derivative suit accusing the company board of improperly showering an ex-CEO with $30 million in annual pay, asserting that directors had fulfilled their obligations to fully investigate the matter.
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September 18, 2013
J&J Says $175M Shareholder Suit Requires Board Approval
Johnson & Johnson on Monday asked a New Jersey federal judge to dismiss a shareholder derivative suit over $175 million the company had paid its CEO, citing a recently revamped state law that blocks derivative suits unless a company's board of directors decides they are in the company's best interests.
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July 23, 2012
J&J Shareholders Sue Over $175M In CEO Compensation
Johnson & Johnson shareholders have launched a derivative suit in New Jersey alleging the company's directors awarded an excessive $175 million to the company's CEO over six years even as J&J faced a series of embarrassing lawsuits and product recalls, according to a complaint made public Monday.