Labor Dept. Employee Benefits Security Administration Proposes Exemption for Abiomed Retirement Plan Holdings Tied to Johnson & Johnson Acquisition
June 04, 2026
June 04, 2026
WASHINGTON, June 4 (TNSFR) -- The U.S. Department of Labor Employee Benefits Security Administration has proposed an exemption that would allow the Abiomed Retirement Savings Plan to continue holding contingent value rights, or CVRs, received as part of the Johnson & Johnson, New Brunswick, New Jersey, acquisition of Abiomed, Danvers, Massachusetts, and to receive future payments linked to those instruments. According to the notice, the exemption would apply retroactively to Nov. 15, 2022, i . . .