J&J Stock Holders File Federal Securities Class Action Complaint, Say Defendant Failed to Disclose Presence of Asbestos in Talc Products

TRENTON, N.J. –– Johnson & Johnson stock holders have filed a class action against the company, contending that the defendant has known for “decades” that its talc products include asbestos fibers and “misrepresented and failed to disclose” the alleged danger its products posed to consumers.

The Feb. 8 federal securities class action complaint filed in the U.S. District Court for the District of New Jersey was filed by Frank Hall individually and on behalf of all other persons similarly situated. Hall maintained in the suit that the defendant’s “significant contingent liability related to its talc products, and that J&J’s revenues …