Clark County District Court Judge Jennifer Togliatti has approved settlements involving Teva Parenteral Medicines Inc. and other companies after nine days of negotiations which were brought about by a Nevada Supreme Court order. The state high court dubbed the talks a “global settlement conference.”
Terms of the settlements were not immediately made public, however Denise Bradley, a spokeswoman for Teva, said the Israel-based pharmaceutical company had set aside $285 million to pay its share of the final agreement. “Teva is pleased to have put the vast majority of these matters behind us,” Bradley said, adding that the company still has 15 more cases pending in Nevada courts.
The ‘group’ settlement is reportedly one of the largest in Nevada history and averts countless hours and untold millions spent in litigation. The load on the judicial system of Clark County just got significantly lighter. Cases included in the settlement include a Teva … (Continued…)



























