Indivior Says UK High Court Strikes Claims Against It and Reckitt Benckiser
By Christian Moess Laursen
Indivior said the U.K. high court has removed securities claims against the company and Reckitt Benckiser in separate legal cases regarding misleading statements.
The U.K.-listed pharmaceutical company said Tuesday that the High Court of Justice of England and Wales has granted Indivior and Reckitt Benckiser's applications to strike the claims, which would have permitted an attempt to prove violation of law without proof of damages by a representative of the claimants.
The suit was made by Wirral Council, as administering authority of Merseyside Pension fund.
In September, Wirral filed a claim that Indivior had made misleading or dishonest statements regarding an alleged fraudulent scheme to the market for its Suboxone-branded products in published information relating to securities.
Wirral and other claimants separately filed a multi-party action alleging the same claims against consumer-goods company Reckitt Benckiser Group.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
December 05, 2023 10:02 ET (15:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth