A fund that manages health benefits for 25 towns in northern New Jersey filed a class action lawsuit against Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics over its massive ASR hip implant recall.
In a civil suit filed in U.S. District Court for New Jersey late last week, the North Jersey Municipal Employee Benefits Fund accused J&J of fraud and unjust enrichment, alleging that the New Brunswick, NJ.-based medical conglomerate knew of problems with the implant but left it on the U.S. market anyway.