According to the law firm press release, the Complaint alleges that throughout the Class Period Defendants made false or misleading statements, and failed to disclose that J&J has known for decades that its talc products include asbestos fibers and that the exposure to those fibers can cause ovarian cancer and mesothelioma. J&J's denials that talc could cause cancer and mesothelioma were materially false and misleading, and the company concealed contingent liabilities and loss of future revenues from the product. As a result of the company's actions, the lawsuit claims, investors suffered damages when the true details entered the market.
Johnson & Johnson Securities Litigation (2018)
Feb 13, 2018 | Johnson & Johnson NYSE: JNJ | Case Status: Filed
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First Identified Complaint
Frank Hall, et al. v. Johnson & Johnson, et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint for Violation of the Federal Securities Laws||February, 8th 2018|
|2||U.S. District Court Civil Docket||February, 9th 2018|