|  | | 2012 News and Press Releases | | |
DISMISSAL NEWS:
Judge Won't Reconsider CEO Liability For J&J Recalls
Amanda Bransford
Law360 - Securities. May 22, 2012
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EXCERPT: A New Jersey federal judge on Tuesday refused the request of Johnson & Johnson shareholders to reconsider her December decision that CEO William Weldon could not be held liable for several costly drug recalls as part of a securities suit. U.S. District Judge Freda Wolfson said that plaintiff Ronald Monk was wrong when he said she had committed a clear legal error by ruling that Weldon could not be held liable. Monk argued that the judge incorrectly ruled that Weldon would only be vicariously liable under... |
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