Johnson & Johnson (JNJ) Provides Notice of Adjournment of Final Settlement Hearing to October 18, 2012, and Notice of Revised Settlement Objection Deadline of October 5, 2012 for Shareholders Who Received Mailed Notice After September 1, 2012
9/26/2012 10:00:23 AM
NEW BRUNSWICK, N.J., Sept. 25, 2012 /PRNewswire/ -- The following statement is being issued by Johnson & Johnson (NYSE: JNJ):
UNITED STATES DISTRICT COURT
DISTRICT OF NEW JERSEY
IN RE JOHNSON & JOHNSON DERIVATIVE LITIGATION
Civil Action No. 10-2033 (FLW)
IN RE JOHNSON & JOHNSON FCPA
SHAREHOLDER DERIVATIVE LITIGATION
Civil Action No. 11-2511 (FLW)
COPELAND v. PRINCE, ET AL.
Civil Action No. 11-4993 (FLW)
NOTICE OF ADJOURNMENT OF FINAL SETTLEMENT HEARING TO
OCTOBER 18, 2012, AND NOTICE OF REVISED SETTLEMENT OBJECTION
DEADLINE OF OCTOBER 5, 2012 FOR SHAREHOLDERS WHO
RECEIVED MAILED NOTICE AFTER SEPTEMBER 1, 2012
TO: ALL CURRENT RECORD HOLDERS AND BENEFICIAL OWNERS OF COMMON STOCK OF JOHNSON & JOHNSON ("J&J") ("CURRENT J&J SHAREHOLDERS")
THIS NOTICE RELATES TO A PROPOSED SETTLEMENT AND DISMISSAL OF THE DERIVATIVE ACTIONS CAPTIONED IN RE JOHNSON & JOHNSON DERIVATIVE LITIGATION (CASE NO. 10-2033), IN RE JOHNSON & JOHNSON FCPA SHAREHOLDER DERIVATIVE LITIGATION (CASE NO. 11-2511), AND COPELAND v. PRINCE, ET AL. (CASE NO. 11-4993), ALL OF WHICH ARE PENDING IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY (THE "ACTIONS").
THIS NOTICE CONTAINS IMPORTANT INFORMATION REGARDING the hearing to be held before the Honorable Freda L. Wolfson to determine whether: (1) the terms of the Settlement are fair, reasonable, and adequate and thus should be finally approved and the Actions should be dismissed with prejudice, and (2) the award of attorneys' fees and reimbursement of expenses sought by Plaintiffs' Counsel in connection with the Settlement should be approved (the "Settlement Hearing").
YOU ARE HEREBY NOTIFIED that the Settlement Hearing previously scheduled for September 28, 2012 has been adjourned to October 18, 2012 at 10:00 a.m. in Courtroom 5E of the U.S. District Court for the District of New Jersey, Clarkson S. Fisher Building & U.S. Courthouse, 402 East State Street, Trenton, New Jersey 08608.
YOU ARE FURTHER NOTIFIED that the Court has extended the objection deadline for shareholders who received mailed notice after September 1, 2012. Any objections to the proposed Settlement or Plaintiffs' Counsel's application for attorneys' fees and reimbursement of expenses by shareholders who received mailed notice after September 1, 2012 must be filed with the Court and delivered to Plaintiffs' Counsel and counsel for the Defendants such that they are received no later than October 5, 2012, in accordance with the instructions and at the addresses set forth in the Notice. Any Current J&J Shareholder who fails to object or otherwise request to be heard in the manner prescribed in the Notice will be deemed to have waived such objection and shall forever be foreclosed from: (i) making any objections to the fairness, adequacy or reasonableness of the Settlement, or (ii) making any objections to the fairness and reasonableness of the Plaintiffs' Counsel's request for an award of attorneys' fees and reimbursement of expenses, and shall be bound by the Settlement, the Final Order and Judgment, and the releases provided thereunder.
You may obtain a copy of the full printed Notice of Proposed Settlement of Derivative Actions, Final Settlement Hearing, and Right to Appear (the "Notice") at http://www.investor.jnj.com/
investor-relations.cfm, along with a copy of the Stipulation of Settlement and Exhibits A and B thereto, which set forth the corporate governance reforms implemented as consideration for the Settlement or in part in response to the prosecution of the Actions. You also may obtain copies of the documents by writing to Kristen Seeger, Sidley Austin LLP, 1 S. Dearborn St., Chicago, IL 60603.
PLEASE DO NOT CALL, WRITE, OR OTHERWISE DIRECT QUESTIONS TO EITHER THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY
DATED: September 25, 2012
SOURCE Johnson & Johnson