AAJ Statement on SEC Granting “No Action” Relief to Johnson and Johnson to Address Forced Arbitration Proposal
Washington, DC — The following is a statement from American Association for Justice (AAJ) CEO Linda Lipsen on the U.S. Securities and Exchange Commission (SEC) granting “no action” relief to Johnson and Johnson:
“Today’s decision from the SEC is a huge victory for investors. As New Jersey’s Attorney General stated, inserting forced arbitration language into Johnson & Johnson’s bylaws would violate state law—but in the bigger picture, forced arbitration robs all citizens of their right to seek public accountability from law-breaking corporations and should never be permitted.
We commend the SEC for this important decision and look forward to continuing this fight.”
The American Association for Justice works to preserve the constitutional right to trial by jury and to make sure people have a fair chance to receive justice through the legal system when they are injured by the negligence or misconduct of others—even when it means taking on the most powerful corporations. Visit http://www.justice.org.