J&J Seeks to Limit Investors’ Class Pathway at Supreme Court

Johnson & Johnson urged the US Supreme Court to review whether a shareholder lawsuit tied to statements about the safety of its talc products should’ve been blessed as a class action, in a case that could limit investors’ path to class certification.

The pharmaceutical giant wants the justices to expand on their 2021 ruling in Goldman Sachs Grp., Inc. v. Ark. Teacher Ret. Sys., where they clarified the standard for class certification in securities cases where there’s a mismatch between alleged misrepresentations and later corrections before market selloffs.

J&J’s request Wednesday asserts there’s a split between the US courts ...