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BRIEF-Novo Nordisk To Pay $100 Mln In Settlement Agreement

reuters.com · 09/24/2021 10:09
BRIEF-Novo Nordisk To Pay $100 Mln In Settlement Agreement

- Novo Nordisk A/S NVO:

  • NOVO NORDISK ANNOUNCES SETTLEMENT OF US SECURITIES CLASS ACTION LITIGATION

  • NOVO NORDISK ANNOUNCED THAT IT HAS REACHED AN AGREEMENT IN PRINCIPLE TO SETTLE PREVIOUSLY DISCLOSED SECURITIES CLASS ACTION LITIGATION PENDING IN FEDERAL DISTRICT COURT OF NEW JERSEY, US.

  • NOVO NORDISK HAS AGREED TO PAY 100 MILLION US DOLLARS (INCLUSIVE OF ALL PLAINTIFFS' ATTORNEYS FEES AND EXPENSES AND SETTLEMENT COSTS)

  • PAYMENT, WHICH IS COVERED BY INSURANCE, WILL BE MADE INTO A SETTLEMENT FUND AND DISTRIBUTED AMONG PLAINTIFFS.

  • AGREED TO PAY 100 MILLION US DOLLARS (INCLUSIVE OF ALL PLAINTIFFS' ATTORNEYS FEES AND EXPENSES AND SETTLEMENT COSTS)

  • SETTLEMENT IS SUBJECT TO A COURT APPROVAL PROCESS, WHICH COULD TAKE SEVERAL MONTHS.

Source text: https://www.novonordisk.com/content/nncorp/global/en/news-and-media/news-and-ir-materials/news-details.html?id=78734

Further company coverage: [NVO]


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