pera

CalPERS, Colorado PERA Want to Join Lawsuit on Behalf of Johnson & Johnson

A hearing on the pension plans’ motion to intervene as defendants is scheduled for June 17. “As things stand, this litigation presents a truly anomalous scenario: Johnson & Johnson is the only party defending shareholders’ right to bring a class action against Johnson & Johnson,” the pension plans’ motion states. Together, CalPERS and Colorado PERA own 10 million shares of Johnson & Johnson …