Johnson & Johnson Settles Shareholders' Recall Suit For $22.9M

TRENTON, N.J. - Plaintiffs in a shareholder lawsuit against Johnson & Johnson on July 15 asked a New Jersey federal judge to preliminarily approve a $22.9 million settlement of allegations that the drug maker caused their stock value to drop after the company conducted a massive recall of over-the...

9th Circuit: Incorporating SEC Filings By Reference Into SPD Is Fiduciary Act

SAN FRANCISCO - Participants in eligible individual account plans (EIAPs) sponsored by a drug manufacturer sufficiently alleged that the plans' fiduciaries breached their fiduciary duty of care imposed by the Employee Retirement Income Security Act by retaining company stock in the plans when the...

Law Firm: Bankrupt Rotech Healthcare Not Allowed To Depose Its Attorneys

WILMINGTON, Del. - The law firm that represented the Official Committee of Equity Security Interest Holders in the Chapter 11 bankruptcy of Rotech Healthcare Inc. on Dec. 13 moved for a protective order, contending that Rotech should not be permitted to depose members of the firm (In Re: Rotech Healthcare...