Indivior Says UK High Court Strikes Claims Against It and Reckitt Benckiser
December 05 2023 - 10:17AM
Dow Jones News
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.
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