Indivior Reaches Agreement With End Payor Class To Resolve Their Antitrust Multi-District Litigation Claims
Portfolio Pulse from Vuk Zdinjak
Indivior Inc., a subsidiary of Indivior PLC (NASDAQ:INDV), has reached an agreement to resolve the claims brought by the end payor class of litigants in the In re Suboxone Antitrust Litigation multi-district litigation. The company expects to pay $30 million to the end payor claimants, which will be recorded against the $188 million provision. The payment is expected to be made in September 2023.
August 21, 2023 | 11:34 am
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Indivior PLC has reached a settlement in a multi-district litigation, agreeing to pay $30 million to end payor claimants. This settlement will be recorded against a $188 million provision and is expected to be paid in September 2023.
The settlement of the litigation is a significant financial obligation for Indivior PLC. The payment of $30 million will be a direct hit to the company's cash balance, which could negatively impact its financial performance in the short term. However, the resolution of the litigation removes a significant legal risk, which could be seen as a positive in the long term.
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