Kessler Topaz Meltzer & Check, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Johnson & Johnson Common Stock -- JNJ

TRENTON, N.J., Sept. 3, 2013 /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP announces pendency and proposed settlement of class action litigation involving Johnson & Johnson (NYSE: JNJ):

UNITED STATES DISTRICT COURT
DISTRICT OF NEW JERSEY

RONALD MONK, Individually and on Behalf of All Others Similarly Situated, Plaintiff, vs. JOHNSON & JOHNSON, WILLIAM C. WELDON, DOMINIC J. CARUSO, COLLEEN A. GOGGINS and PETER LUTHER, Defendants.

Civil Action No. 10-4841 (FLW) (DEA)

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT, MOTION FOR ATTORNEYS' FEES AND EXPENSES, AND FINAL APPROVAL HEARING 

TO:   ALL PERSONS AND ENTITIES WHO PURCHASED JOHNSON & JOHNSON ("J&J") COMMON STOCK FROM OCTOBER 14, 2008 TO JULY 21, 2010, INCLUSIVE, AND WHO WERE DAMAGED THEREBY (THE "CLASS").

Please read this Notice carefully; Your rights will be affected by the Settlement of a class action lawsuit pending in this Court.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and Order of the Court, that the above-mentioned action has been certified as a class action for purposes of settlement only and that a settlement for Twenty-Two Million Nine Hundred Thousand Dollars ($22,900,000) has been proposed.  A hearing will be held before the Honorable Freda L. Wolfson in the United States District Court for the District of New Jersey, Clarkson S. Fisher Building & U.S. Courthouse, 402 East State Street, Trenton, New Jersey  08608, Courtroom 5E, at 10:00 a.m., on November 14, 2013 to determine: (1) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (2) whether the Action should be dismissed with prejudice against Defendants, and the releases specified and described in the Stipulation and Agreement of Settlement dated July 15, 2013 should be granted; (3) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (4) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND.  If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Expenses, and Final Approval Hearing (the "Notice") and Proof of Claim and Release form ("Claim Form"), you may obtain copies of these documents by contacting the Claims Administrator at Monk v. Johnson & Johnson et al., c/o Strategic Claims Services, Claims Administrator, P.O. Box 230, 600 N. Jackson Street, Suite 3, Media, PA  19063, (866) 274-4004.  Copies of the Notice and Claim Form can also be downloaded from the Claims Administrator's website, www.strategicclaims.net.

If you are a Class Member, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked no later than December 24, 2013.  If you are a Class Member and do not submit a proper Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by any judgments entered by the Court in this litigation.

If you are a Class Member, you have the right to object to the proposed Settlement, the proposed Plan of Allocation and/or the request by Lead Counsel for an award of attorneys' fees and litigation expenses.  Any objections must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than October 24, 2013, in accordance with the instructions set forth in the Notice.  If you are a Class Member, you also have the right to exclude yourself from the Class.  Requests for exclusion must be submitted to the Claims Administrator such that they are received no later than October 24, 2013, in accordance with the instructions set forth in the Notice.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  Inquiries, other than requests for the Notice and Claim Form, may be made to Lead Counsel:

Gregory M. Castaldo, Esq.
Matthew L. Mustokoff, Esq.
Kessler Topaz Meltzer & Check, LLP
280 King of Prussia Road
Radnor, PA  19087

Further information may also be obtained by directing your inquiry in writing to the Claims Administrator, Strategic Claims Services, at the address listed above.

By Order of the Court

SOURCE Kessler Topaz Meltzer & Check, LLP