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Johnson & Johnson Shareholder Lawsuit

Some Johnson & Johnson shareholders are blaming the company for not complying with federal regulations that led to the scores of product recalls we saw from J&J in 2010, and have filed a lawsuit against the company in U.S. District Court in Trenton, New Jersey.
Certainly, 2010 was an awful PR year for Johnson & Johnson as the company had a large number of recalls, including some that really caused hardship to their customers.
But you can’t pitch this in terms of “even Johnson & Johnson stockholders are turning on the company” because this is just one group of stockholders. I think I may have some J&J stock. I could go out and file a shareholder derivative lawsuit. Of all of the cuts to J&J last year, and there were plenty, this one is one of the shallowest.