New Disclosures Explain J&J Stock Drop, Not Coincidence, Securities Class Says

( September 12, 2024, 1:10 PM EDT) -- PHILADELPHIA — Even entertaining Johnson & Johnson’s incorrect claim that any corrective disclosures in a case must be of “pristine newness,” a trial judge properly certified a class after concluding Johnson & Johnson entities never fully explained away a multi-billion-dollar drop in stock price, a securities class told the Third Circuit U.S. Court of Appeals in an answering brief....