J&J Investors Fight To Keep Asbestos Stock-Drop Suit Alive

Law360 (July 1, 2019, 5:27 PM EDT) -- A proposed class of Johnson & Johnson investors urged a New Jersey federal judge to keep alive a suit accusing the company of artificially inflating its stock prices by hiding the presence of asbestos in its flagship baby powder product, arguing that the company failed to address their particular allegations.

The shareholders contended Friday that they had properly pinpointed specific misleading statements made by the company that show J&J has known about and covered up the dangers of its talc products since the 1970s and that it has avoided detection by purposely choosing testing methods that could not find the cancer-causing...

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