Reuters logo
BUZZ-India's Dr. Reddy's Labs drops, U.S. lawsuit filed against firm
August 28, 2017 / 5:29 AM / a month 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”

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below