October 4, 2023

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


Adds quotation from James, no response from Teva, qualifications

NEW YORK, July 11 (Reuters)New York’s legal professional common reported Teva Pharmaceutical Industries Ltd TEVA.TA should really be restored to litigation around its alleged function in fueling an opioid crisis in the point out, accusing the Israeli-based enterprise of lying to evade accountability.

Legal professional Basic Letitia James said Teva falsely swore it experienced no purpose in the American opioids business overseen by its Teva Pharmaceuticals United states device when it was basically a “key conclusion maker,” and made use of shell businesses to transfer “substantial money” into offshore accounts it controlled.

“This new evidence reveals an even higher disregard for the suffering and destruction that this corporation fueled,” James explained in a assertion.

Teva did not immediately reply to requests for remark.

On Dec. 30, a jury in New York’s Suffolk County identified that Teva’s U.S. device violated condition public nuisance laws in contributing to the opioid disaster. The court docket experienced earlier excused the mother or father corporation from the situation.

(Reporting by Jonathan Stempel in New York, Editing by Louise Heavens and Jonathan Oatis)

(([email protected] +1 646 223 6317 Reuters Messaging: [email protected]))

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