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Press Release

SEC Granting "No Action" Relief to Johnson and Johnson to Address Forced Arbitration Proposal

February 12,2019

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.”

Carly Moore Sfregola
Phone: 202-684-9609