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

Israeli Firm Denies Wrongdoing; Proposed Settlement Requires Final Approval

Executive Summary

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.

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