Member Directory
ntl-top-100-logo-345px
Member Directory

Novo Nordisk Settles U.S. Securities Litigation for $100M

Novo Nordisk, one of the world’s top three manufacturers of insulin, agreed to pay $100 million to settle a 2017 investor suit that alleged the company failed to disclose that it was under the same pricing pressures as its competitors.

Novo said in a statement on Friday the settlement was reached after a voluntary mediation process and resolves claims brought on by investors for alleged violations of US securities laws.

The company said the settlement contains no admission of liability, wrongdoing or responsibility by any of the defendants. But the settlement further exposes how the middlemen, known as pharmacy benefit managers, have altered the course of insulin pricing as prices have increased for diabetics and manufacturers’ profits have declined.

Read the source article at endpts.com

Find an Attorney

The National Trial Lawyers stands as an esteemed, exclusive association comprising top-tier trial attorneys nationwide. Whether you require a Civil Plaintiff Lawyer or a Criminal Defense Lawyer in your state, our network ensures access to premier legal expertise tailored to your needs.
Find Attorney

Read More Legal News

© Copyright 2022, All Rights Reserved | National Trial Lawyers
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram