Indivior Reaches $102.5M Settlement To Resolve Antitrust Litigation
Portfolio Pulse from Vuk Zdinjak
Indivior PLC's subsidiary, Indivior Inc., has reached a $102.5 million settlement to resolve antitrust litigation claims brought by 41 states and the District of Columbia. The settlement will be recorded against the $290 million provision and is expected to be paid in June 2023.
June 05, 2023 | 12:14 pm
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NEUTRAL IMPACT
Indivior PLC's subsidiary settles antitrust litigation for $102.5M, resolving claims by 41 states and the District of Columbia.
The settlement resolves the antitrust litigation claims against Indivior Inc., which is a subsidiary of Indivior PLC (INVVY). The settlement amount is in line with the original provision of $290 million for the overall MDL, and the payment is expected to be made in June 2023. This news is relevant and important for investors in INVVY, as it marks the comprehensive resolution of the states' claims against the company in the MDL. However, the short-term impact on the stock price is neutral, as the settlement amount is within the expected range and the payment will be made in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Indivior PLC's subsidiary settles antitrust litigation for $102.5M, resolving claims by 41 states and the District of Columbia.
The settlement resolves the antitrust litigation claims against Indivior Inc., which is a subsidiary of Indivior PLC (IZQVF). The settlement amount is in line with the original provision of $290 million for the overall MDL, and the payment is expected to be made in June 2023. This news is relevant and important for investors in IZQVF, as it marks the comprehensive resolution of the states' claims against the company in the MDL. However, the short-term impact on the stock price is neutral, as the settlement amount is within the expected range and the payment will be made in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100