Legal Opinion
In re Johnson & Johnson Derivative Litigation
District Court, D. New Jersey
Decided October 26, 2012No. Civil Action Nos. 10-2033 (FLW), 11-4993(FLW), 11-2511(FLW)PublishedCited by 11 opinions
1Opinion of the Court
OPINION
WOLFSON, District Judge:
Presently before the Court is a motion to approve the final settlement reached between Plaintiffs-shareholders and nominal Defendant J & J Corporation (“J & J”) in several consolidated shareholder derivative actions, as well as motions to intervene and dismiss by an objector to the settlement. Through the settlement, J & J agrees to institute corporate governance changes and pay up to $10 million in attorney’s fees and $450,000 in costs, subject to this Court’s approval. For the following reasons, the Court will approve the settlement and appoint a special…
2Cases cited53 opinions
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3Cited by11 opinions
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