J&J Brushes Off ERISA Suit Over Asbestos In Baby Powder

Law360 (March 1, 2021, 4:41 PM EST) -- Johnson & Johnson has defeated accusations of jeopardizing its workers' retirement security by hiding the presence of asbestos in its baby powder, with a New Jersey federal judge axing a proposed ERISA class action claiming the company's actions cost its employee stock ownership plan millions of dollars.

U.S. District Judge Freda L. Wolfson granted J&J's motion to dismiss the Employee Retirement Income Security Act case on Friday, holding that the three ex-workers who sued haven't improved the strength of their argument since she first tossed the suit in April.

The ruling tossed claims brought by former J&J employees Michael Perrone, Tom...

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