Teva’s parent company should be restored to New York opioid case, state attorney-general says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

New York’s Attorney-General said Teva falsely swore it had no role in the American opioids business overseen by its Teva Pharmaceuticals USA unit when it was actually a ‘primary decision maker’

should be restored to litigation over its alleged role in fueling an opioid crisis in the state, accusing the Israeli-based company of lying to evade accountability.

Attorney-General Letitia James said Teva falsely swore it had no role in the American opioids business overseen by its Teva Pharmaceuticals USA unit when it was actually a “primary decision maker,” and used shell companies to transfer “significant funds” into offshore accounts it controlled. “This new evidence shows an even greater disregard for the pain and destruction that this company fueled,” James said in a statement.On Dec. 30, a jury in New York’s Suffolk County found that Teva’s U.S. unit violated state public nuisance laws in contributing to the opioid crisis. The court had previously excused the parent company from the case.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines