J&J Unable to Void Securities Fraud Suit Class Certification (1)

Johnson & Johnson failed to convince the Third Circuit Wednesday that a district court erred by certifying a class action against it in a securities fraud case related to the safety of its talc products.

J&J Worldwide Vice President of Litigation Erik Haas said that the company disagrees with the court’s decision and will seek review from the full court.

The plaintiffs were investors who bought J&J stock from February 2013 to December 2018. During that time, J&J concealed that the talc products contained asbestos, lead plaintiff San Diego County Employees Retirement Association said.

The district court correctly concluded that ...