J&J Can't Avoid Vote On Shareholder Arbitration, Suit Says
Law360 (March 22, 2019, 10:57 PM EDT) -- A Johnson & Johnson shareholder on Thursday accused the company of violating federal securities laws by refusing to put up for a vote the investor’s proposal to send shareholder disputes to arbitration rather than federal court, which regulators last month said would be illegal.
In a 13-page complaint filed in New Jersey federal court, plaintiff The Doris Behr 2012 Irrevocable Trust, which owns 1,050 shares of J&J stock, alleges that it was illegal for J&J not to include the trust's proposal in the proxy vote materials the company recently issued to shareholders in advance of its annual shareholder meeting scheduled for April 25....
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