Indivior Says Reckitt Benckiser's Claim is Without Merit
30 November 2020 - 9:09AM
Dow Jones News
By Adria Calatayud
Indivior PLC said Monday that it believes a claimed filed by
Reckitt Benckiser Group PLC against it is without merit and vowed
to fully and vigorously defend itself in any proceedings related to
the claim.
The U.K. pharmaceutical company on Friday said a claim for 1.07
billion pounds ($1.42 billion) against it had been submitted to the
Commercial Court in London by consumer-goods giant Reckitt
Benckiser on Nov. 13. Indivior said the claim relates to an
indemnity contained in a 2014 demerger agreement between it and
Reckitt Benckiser.
The claim hasn't been served on Indivior at the present time,
the company said.
Indivior noted comments by Reckitt Benckiser in The Times of
London and Financial Times newspapers that it "regularly takes
certain procedural steps to preserve potential claims."
Indivior said it believes it has strong grounds for defending
against the claim should it be served, based on the information
available to the company.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
November 30, 2020 02:54 ET (07:54 GMT)
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