Corporate and Legal Ripples
The fraud case lands amid a major corporate reshuffle: Kimberly-Clark Corp., maker of Huggies, announced this week its plan to acquire Kenvue — which was spun off from J&J in August 2023 — in a deal valued at $48.7 billion.
The investors behind the proposed class action are represented by Robert Prongay and Leanne Solish of Glancy Prongay & Murray LLP, and James Cecchi, Donald Ecklund, and Kevin Cooper of Carella Byrne Cecchi Brody & Agnello PC.
J&J and Kenvue are defended by Kristen Seeger, John Skakun, Christopher Lee, and Takayuki Ono of Sidley Austin LLP, and David Kott and Joseph Braunreuther of McCarter & English LLP.
Underwriters named in the suit include Paul Hastings LLP, represented by Isaac Ashkenazi, Barry Sher, Jennifer Conn, and Zachary Zwillinger.
