Failure To Plead Scienter Leads Judge To Trim Parties From Securities Suit

TRENTON, N.J. - A Swedish pension fund has properly pleaded its federal securities law claims against certain executive officers and directors of Johnson & Johnson (J&J) but has failed to plead it with regard to others, a federal judge in New Jersey ruled Dec. 19 in granting in part and denying in part the defendants' motion to dismiss (Ronald Monk, et al. v. Johnson & Johnson, et al., No. 10-4841, D. N.J.). Full story on lexis.com