Teva Pharmaceutical Industries Ltd. Securities Litigation

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Lawsuit Overview

Defendant:Teva Pharmaceutical Industries Limited
Date Filed:June 21st, 2019
Sector:Health Care
Industry:Major Pharmaceuticals

According to the Complaint, Teva Pharmaceutical Industries Ltd. is a global pharmaceutical company and the world's largest generic drug manufacturer.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements denying that Teva "engaged in any conduct that would give rise to liability" in various antitrust proceedings and investigations that enveloped the company; in truth, and as Defendants failed to disclose to investors, (i) contrary to its public denials, Teva had in fact engaged in a vast, industry-wide price-fixing scheme and other collusive misconduct since at least 2012; (ii) Teva was not only a participant, but the company at the heart of the anticompetitive scheme; and (iii) several Teva employees had such deep involvement in the scheme that they would ultimately be named personally as defendants in a sweeping civil enforcement action filed by the AGs of virtually every state in the nation.

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First Identified Complaint

Employees' Retirement System of the City of St. Petersburg, Florida, et al. v. Teva Pharmaceutical Industries Ltd., et al.

Date Filed:June 21st, 2019
Class Period Start:August 4th, 2017
Class Period End:May 10th, 2019
First Identified Complaint Filings
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