Johnson & Johnson v. San Diego County Employees Retirement Assoc.

Court:
U.S. Supreme Court
(pet. for writ of cert.)

Amicus Issue:
(1) Whether the contents of corrective disclosures must actually reveal the falsity of misrepresentations, or whether it is sufficient if the misrepresentations and disclosures merely relate to the same general subject. (2 ) Whether a securities-fraud class action may be certified where the plaintiff invokes the efficient-market hypothesis to establish class-wide reliance, but the corrective disclosures repeat information that was already publicly available.

Counsel of Record:
O’Melveny & Myers LLP

Anton Metlitsky
Noah B. Bokat-Lindell

Other Amici:
U.S. Chamber of Commerce
Nat’l Assoc. of Manufacturers
PhRMA