The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

This website relates to the settlement of claims in a pending securities class action ("Action") brought by the Court-appointed Lead Plaintiff and Class Representative Industriens Pensionsforsikring A/S (“Class Representative”). Class Representative alleged that Becton, Dickinson and Company (“BD”) and Thomas E. Polen (together, “Defendants”) violated the federal securities laws by making misrepresentations during the Class Period (i.e., the period from November 5, 2019 to February 5, 2020, inclusive) about the nature, extent, and revenue impact of alleged undisclosed product issues, compliance violations, and ongoing scrutiny by the U.S. Food and Drug Administration regarding BD’s Alaris infusion pump system. Defendants have denied and continue to deny any fault, liability, or wrongdoing whatsoever in connection with any of the allegations of wrongdoing asserted in the Action or any facts related thereto.

Class Representative and Defendants reached a settlement of the Action for $85,000,000 in cash (“Settlement”). On April 22, 2024, the Court held a final hearing to consider approval of the Settlement and related matters. Following the hearing, the Court entered a final Judgment approving the Settlement and orders approving the Plan of Allocation and awarding attorney's fees and litigation expenses to counsel.

If you are a member of the Class, you are subject to the Settlement. The Class consists of:

All persons and entities who, from November 5, 2019 to February 5, 2020, inclusive, purchased or otherwise acquired BD common stock or call options, or sold BD put options, and were damaged thereby.

Excluded from the Class are: (i) Defendants; (ii) present or former executive officers of BD or any of BD’s subsidiaries or affiliates, members of BD’s Board of Directors, and members of the immediate families of each of the foregoing (as defined in 17 C.F.R. § 229.404, Instructions (1)(a)(iii) and (1)(b)(ii)); (iii) any of the foregoing individuals’ and entities’ legal representatives, heirs, successors, or assigns; and (iv) any entity in which any Defendant has a controlling interest. Also excluded from the Class are any persons and entities who or which submitted a request for exclusion from the Class that was accepted by the Court.

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found on the Notice and File a Claim pages of this website.

Payments to eligible claimants will be made after the completion of all claims processing. Please be patient, as this process will take some time to complete.

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice and the documents on the Important Documents page of this website. Additional information can also be obtained by contacting the Claims Administrator by calling toll free 1-888-995-0312, by emailing info@BectonSecuritiesSettlement.com, or by mailing a letter to:

Becton, Dickinson and Company Securities Litigation
c/o JND Legal Administration
P.O. Box 91443
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.