STORY FROM: Reinsurance & Arbitration
N.J. Federal Judge Refuses to Issue Injunction Forcing J&J Shareholders to Arbitrate
April 17, 2019
TRENTON, N.J. — A New Jersey federal judge has denied a request by a Johnson & Johnson shareholder to issue an injunction forcing Johnson & Johnson’s shareholders to resolve their securities disputes via arbitration rather than class action litigation.
On April 9, Judge Michael A. Shipp of the U.S. District Court for the District of New Jersey found the applicant failed to make a sufficient showing to justify emergent relief and did not demonstrate that it will suffer irreparable harm if the injunction is not imposed.
In a Nov. 9 proposal, the Doris Behr 2012 Irrevocable Trust, a J&J shareholder, ...