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Calpers And Colorado Pera File Motion To Protect Shareowner Rights

by posted 9months ago 44 views
 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.

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