Teva’s parent should be restored to New York opioid case, state attorney general says

Adds estimate from James, no reaction from Teva, history

NEW YORK, July 11 (Reuters) – New York’s attorney typical mentioned Teva Pharmaceutical Industries Ltd TEVA.TA really should be restored to litigation above its alleged purpose in fueling an opioid crisis in the condition, accusing the Israeli-based mostly business of lying to evade accountability.

Attorney General Letitia James reported Teva falsely swore it had no job in the American opioids business overseen by its Teva Prescribed drugs United states unit when it was really a “major choice maker,” and applied shell firms to transfer “substantial funds” into offshore accounts it managed.

“This new proof reveals an even larger disregard for the agony and destruction that this firm fueled,” James reported in a assertion.

Teva did not immediately reply to requests for comment.

On Dec. 30, a jury in New York’s Suffolk County found that Teva’s U.S. unit violated point out public nuisance regulations in contributing to the opioid disaster. The court had beforehand excused the mum or dad firm from the scenario.

(Reporting by Jonathan Stempel in New York, Modifying by Louise Heavens and Jonathan Oatis)

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