Law360, New York (May 22, 2012, 7:44 PM ET) -- A New Jersey federal judge on Tuesday refused the request of Johnson & Johnson shareholders to reconsider her December decision that CEO William Weldon could not be held liable for several costly drug recalls as part of a securities suit.
U.S. District Judge Freda Wolfson said that plaintiff Ronald Monk was wrong when he said she had committed a clear legal error by ruling that Weldon could not be held liable.
Monk argued that the judge incorrectly ruled that Weldon would only be vicariously liable under...
Judge Won't Reconsider CEO Liability For J&J Recalls
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