August 28, 2017 / 5:29 AM / 3 months ago

BUZZ-India's Dr. Reddy's Labs drops, U.S. lawsuit filed against firm

** Shares of Dr. Reddy’s Laboratories Ltd fall as much as 2.9 pct

** The drug maker says a law firm representing an investor in Dr. Reddy’s has filed a class action lawsuit in New Jersey against the company, its CEO and CFO - exchange filing

** Dr. Reddy’s says the lawsuit alleges the company made “materially false and/or misleading statements or omissions” related to its “corporate quality system”

** Adds it cannot comment on the specific allegations except to state “the asserted claims to be without merit”

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