Zamansky LLC Investigates Possible ERISA Violations in the Johnson & Johnson Savings Plan

Zamansky LLC is investigating Johnson & Johnson Inc. (NYSE:  JNJ) (“J&J” or the “Company”) on behalf of its current and former employees for potential violations of the federal Employee Retirement Income Security Act (“ERISA”) in the J&J Savings Plan (the “Plan”).  We are investigating whether the ERISA fiduciaries violated duties of prudence by offering J&J stock to employees who are invested in the Plan. On December 14, 2018, Reuters reported that internal documents produced by J&J in a lawsuit brought by 11,700 plaintiffs who allege their cancer was caused by asbestos found in talc in Baby Powder, reflect that J&J senior officers and lawyers knew for many years.  Reuters reported the internal documents showed that raw talc and finished powders sometimes tested positive for small amounts of asbestos, and J&J executives, mine managers, scientists, doctors and lawyers fretted over the…

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