Teva Wants Pa. Investor Suit To Join Others In Conn.
Law360 (September 16, 2019, 3:18 PM EDT) -- Teva Pharmaceutical Industries Ltd. has asked a Pennsylvania federal judge to transfer a proposed investor class action to Connecticut, where it would join a host of other suits filed over an alleged scheme to fix prices on generic drugs.
Teva said Friday that the Pennsylvania action is one of more than 20 "duplicative stock-drop lawsuits" filed in the past three years over stock losses that allegedly accompanied allegations Teva participated in the scheme.
"In every such case in which a transfer motion has been adjudicated ... the courts have concluded that the cases should be transferred to the District of Connecticut...
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