Allergan Units Settle Loestrin, Minastrin 24 Fe Lawsuits

Date : 01/06/2020 @ 12:39PM
Source : Dow Jones News
Stock : Allergan plc (AGN)
Quote : 198.81  0.81 (0.41%) @ 9:21PM
After Hours
Last Trade
Last $ 198.81 ◊ 0.00 (0.00%)

Allergan Units Settle Loestrin, Minastrin 24 Fe Lawsuits

Allergan (NYSE:AGN)
Historical Stock Chart

2 Months : From Dec 2019 to Feb 2020

Click Here for more Allergan Charts.

By Chris Wack

 

Allergan PLC (AGN) said Monday that its Warner Chilcott and Watson subsidiaries have reached resolutions with all plaintiffs, including a class of direct purchasers, individual direct purchasers that previously opted out of the direct purchaser class, and a class of indirect purchasers of Loestrin 24 Fe and Minastrin 24 Fe.

The company said the settlement concludes the previously disclosed antitrust litigation in the U.S. District Court for the District of Rhode Island.

Allergan said the settlements make no admission of wrongdoing on the part of the company and resolve the litigation that was scheduled to go to trial Monday.

The company said Warner Chilcott and Watson will pay about $300 million under the settlement agreements, which are subject to court approval of the agreements with the direct and indirect purchaser classes.

Allergan said it will take a pre-tax charge of $300 million to its fourth quarter earnings.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

January 06, 2020 07:24 ET (12:24 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest AGN Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.