J&J Tells 3rd Circuit Asbestos-Talc Securities Class ‘Reverse-Engineered’ Case

( August 7, 2024, 8:03 AM EDT) -- PHILADELPHIA — An asbestos-talc securities class produced none of the type of new and corrective disclosures required for class certification and instead “reverse-engineered” their case by working backward from price drops and identifying media reports and verdicts supporting the case, Johnson & Johnson and its executives told the Third Circuit U.S. Court of Appeals in urging reversal of class certification....