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Teva Agrees To $420m Securities Settlement For Alleged Price Fixing

Israeli Firm Denies Wrongdoing; Proposed Settlement Requires Final Approval

 
• By Dean Rudge

Denying any wrongdoing or admission of liability, Teva has agreed to a proposed settlement of $420m with a class of investors following allegations that the firm had concealed the true nature of its increase in profits, which artificially inflated the price of Teva’s securities.

Gavel
Teva was charged by the US DoJ in 2020 • Source: Shutterstock: AVN Photo Lab

Teva Pharmaceutical Industries Ltd. has agreed to pay $420m to a class of shareholders and noteholders to resolve multiple accusations of securities fraud, including for gains received from its alleged involvement in generic price fixing.

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