Mentor Investors' Suit Over $1B J&J Merger Tossed

Law360, New York (October 21, 2010, 6:06 PM EDT) -- A California judge has thrown out a class action brought by shareholders of Mentor Corp. alleging the health care company's board of directors breached its fiduciary duty when it agreed to sell the company to Johnson & Johnson for $1.1 billion in 2008.

Judge Thomas Anderle of the Superior Court of the State of California, County of Santa Barbara, ruled Tuesday that there was no evidence the board disregarded its duties.

To prove their claim, the judge said, the plaintiffs must show the defendants were not...
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