District Court, D. New Jersey September 29, 2011, Civil Action No. 10-2033 (FLW) (In re Johnson & Johnson Derivative Litigation)

OPINION

WOLFSON, District Judge:

This consolidated shareholder derivative action arises out of allegations that essentially accuse certain former and current officers and directors of nominal defendant company Johnson & Johnson (“J & J”) of breaching their fiduciary duties by permitting and fostering a culture of systematic, calculated and widespread legal violations.