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Welfare Plan Fiduciaries Sued Due to Excessive Pharmacy Costs

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A plan participant, individually, and on behalf of other participants, recently filed a class action complaint against Johnson and Johnson (“J&J”) and the individual members of the Pension & Benefits Committee (“Committee”). The complaint alleges that J&J and the Committee breached their ERISA fiduciary duties by mismanaging the J&J prescription-drug benefit program….
By: Hodgson Russ LLP
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Europe Daily News, 19 March 2024