A lawsuit was filed on behalf of investors in Indivior PLC (OTC: INVVY) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 05/07/2019 -- An investor, who purchased shares of Indivior PLC (OTC: INVVY), filed a lawsuit over alleged violations of Federal Securities Laws by Indivior PLC.
Investors who purchased shares of Indivior PLC (OTC: INVVY) have certain options and for certain investors are short and strict deadlines running. Deadline: June 24, 2019. OTC: INVVY investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Indivior PLC, together with its subsidiaries, develops, manufactures, and sells buprenorphine-based prescription drugs for the treatment of opioid dependence. On April 9, 2019, the U.S. Department of Justice announced that a federal grand jury had indicted Indivior Inc. and Indivior PLC "for engaging in an illicit nationwide scheme to increase prescriptions of Suboxone Film, an opioid drug used in the treatment of opioid addiction…" According to a DOJ press release, Indivior is accused of obtaining "billions of dollars in revenue from Suboxone Film prescriptions by deceiving health care providers and health care benefit programs into believing that Suboxone Film was safer, less divertible, and less abusable than other opioid-addiction treatment drugs."
The plaintiff claims that between March 10, 2015 and April 9, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Indivior and its executives engaged in an illicit nationwide scheme to increase prescriptions of Suboxone Film, that Indivior illegally obtained billions of dollars in revenue from Suboxone Film prescriptions by deceiving health care providers and health care benefit programs, that as a result of the aforementioned misconduct, Indivior would face felony charges, and that due to the foregoing, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Indivior PLC (OTC: INVVY) have certain options and should contact the Shareholders Foundation.
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