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Johnson & Johnson wins 401(k) lawsuits

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A New Jersey Federal District Court dismissed a complaint by participants in 3 Johnson & 401(k) plans, who alleged that plan fiduciaries failed to protect their investments in company stock offered as a plan investment option.

The participants argued that Johnson & Johnson should have done something after allegations were made that talc and asbestos had been found in some company products such as baby powder. 

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