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$23M Settlement Reached in Johnson & Johnson Securities Class Action Lawsuit


This is a settlement for the Securities/Stock Fraud lawsuit.

Trenton, NJ: A pendency and proposed settlement of securities class action litigation involving Johnson & Johnson (NYSE: JNJ) has been reached, in Ronald Monk, Individually and on Behalf of All Others Similarly Situated, Plaintiff, vs. Johnson & Johnson, William C. Weldon, Dominic J. Caruso, Colleen A. Goggins and Peter Luther, Defendants.

To all persons who purchased or otherwise acquired Johnson & Johnson (J&J) common stock from October 14, 2008 to July 21 2010, inclusive, and who where damaged thereby, you are hereby notified that the above-mentioned action has been certified as a class action for purposes of settlement only and that a settlement for Twenty-Two Million Nine Hundred Thousand Dollars ($22,900,000) has been proposed.

A hearing will be held on November 14, 2013 to determine: (1) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (2) whether the Action should be dismissed with prejudice against Defendants, and the releases specified and described in the Stipulation and Agreement of Settlement dated July 15, 2013 should be granted; (3) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (4) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

If you are a Class Member, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than December 24, 2013. If you are a Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by any judgments entered by the Court in this litigation.

If you are a Class Member, you have the right to object to the proposed Settlement, the proposed Plan of Allocation and/or the request by Lead Counsel for an award of attorneys' fees and litigation expenses. Any objections must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than October 24, 2013, in accordance with the instructions set forth in the Notice. If you are a Class Member, you also have the right to exclude yourself from the Class. Requests for exclusion must be submitted to the Claims Administrator such that they are received no later than October 24, 2013, in accordance with the instructions set forth in the Notice.

If you are a member of the above described class, your rights may be affected and you may be entitled to share in the settlement fund. Full information on the proposed settlement as well as copies of the Notice and Claim Form can also be downloaded from the Claims Administrator's website, www.strategicclaims.net.

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Published on Sep-3-13


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