Investors’ Claims In Bylaw Proposal Exclusion Suit Deemed Moot, Unripe

Mealey's (May 11, 2023, 9:08 AM EDT) -- PHILADELPHIA — A federal district court did not err in dismissing a lawsuit brought by Johnson & Johnson shareholders stemming from the company’s denial of their request to include a bylaw in its 2019 proxy materials because the shareholders’ claims were moot and unripe and, thus, were not justiciable, a Third Circuit U.S. Court of Appeals panel ruled in affirming....