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MarketScreener Homepage  >  Equities  >  Nyse  >  Johnson & Johnson    JNJ

JOHNSON & JOHNSON (JNJ)
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ATTENTION JNJ EMPLOYEES: Zamansky LLC Investigates Possible ERISA Violations in the Johnson & Johnson Savings Plan

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01/12/2019 | 03:09pm EST

Zamansky LLC investigates Johnson & Johnson Inc. (NYSE:JNJ) (“J&J” or the “Company”) on behalf of its current and former employees for potential violations of the federal Employee Retirement Income Security Act (“ERISA”) in the J&J Savings Plan (the “Plan”). We are investigating whether the ERISA fiduciaries violated duties of prudence by offering J&J stock to employees who are invested in the Plan.

On December 14, 2018, Reuters reported that internal documents produced by J&J in a lawsuit brought by 11,700 plaintiffs who allege their cancer was caused by asbestos found in talc in Baby Powder, reflect that J&J senior officers and lawyers knew for many years. Reuters reported the internal documents showed that raw talc and finished powders sometimes tested positive for small amounts of asbestos, and J&J executives, mine managers, scientists, doctors and lawyers fretted over the problem and how to address it while failing to disclose it to regulators or the public.

Following these revelations, J&J stock fell more than $25 per share, or over 17%, and the Company’s potential exposure may be far-reaching. According to employee stock fraud attorney Jake Zamansky, current or former employees of J&J who purchased and held Company stock through the Plan may have had their retirement savings damaged. Reuters’ allegations raise serious issues as to whether the Plan’s fiduciaries properly executed their duties under ERISA to protect employees’ retirement savings from imprudent and inappropriate investments, Zamansky states.

What Current and Former J&J Employees Can Do

If you are an existing or former J&J employee who purchased and held J&J stock through the J&J Savings Plan, please contact our firm for an evaluation of your rights. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at jake@zamansky.com.

About Zamansky LLC

Zamansky LLC is a leading stock law firm with a practice in securities fraud, ERISA and employment class actions. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, https://www.zamansky.com.


© Business Wire 2019
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Financials ($)
Sales 2018 81 372 M
EBIT 2018 25 408 M
Net income 2018 17 909 M
Debt 2018 10 058 M
Yield 2018 2,79%
P/E ratio 2018 20,01
P/E ratio 2019 17,07
EV / Sales 2018 4,35x
EV / Sales 2019 4,14x
Capitalization 344 B
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Number of Analysts 18
Average target price 145 $
Spread / Average Target 13%
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Managers
NameTitle
Alex Gorsky Chairman & Chief Executive Officer
Joseph J. Wolk Chief Financial Officer & Executive Vice President
Charles O. Prince Independent Director
William David Perez Independent Director
Anne M. Mulcahy Lead Independent Director
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