CalPERS and the Colorado Public Employees' Retirement Association (Colorado PERA), together with more than $400 billion under management, jointly filed a motion to intervene in a lawsuit to protect investors' right to pursue federal securities claims against Johnson & Johnson in court. The suit, initiated by a single Johnson & Johnson shareowner and being heard in the U.S. District Court of New Jersey, demands that Johnson & Johnson allow shareowners to vote on whether all future securities claims brought against the company for corporate wrongdoing are handled through arbitration, rather than in court.