NEW YORK, Nov. 18, 2016 /PRNewswire/ -- Pomerantz LLP announces
that a class action lawsuit has been filed against Teva Pharmaceutical Industries Ltd. ("Teva" or the "Company")
(NYSE: TEVA) and certain of its officers. The class action, filed in United States District Court, Southern
District of New York, and docketed under 16-cv-08747, is on behalf of a class consisting of all
persons or entities who purchased or otherwise acquired Teva securities between February 10, 2014
and November 2, 2016, both dates inclusive (the "Class Period"), seeking to recover compensable
damages caused by defendants' violations of the Securities Exchange Act of 1934.
If you are a shareholder who purchased Teva securities during the Class Period, you have until January
5, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at
www.pomerantzlaw.com. To discuss this action,
contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are
encouraged to include their mailing address, telephone number, and number of shares purchased.
[Click here to join this class
action]
Teva develops, manufactures, markets, and distributes generic medicines and a portfolio of specialty medicines
worldwide. Teva is the largest generic drug manufacturer in the world and one of the 15 largest pharmaceutical companies
worldwide.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well
as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically,
Defendants made false and/or misleading statements and/or failed to disclose that: (i) Teva and several of its
pharmaceutical industry peers colluded to fix generic drug prices; (ii) the foregoing conduct constituted a violation of federal
antitrust laws; (iii) consequently, Teva's revenues during the Class Period were in part the result of illegal conduct; and (iv)
as a result of the foregoing, Teva's public statements were materially false and misleading at all relevant times.
On November 3, 2016, media outlets reported that U.S. prosecutors might file criminal charges by
the end of 2016 against Teva and several other pharmaceutical companies for unlawfully colluding to fix generic drug
prices.
On this news, Teva's ADR price fell $4.13, or 9.53%, to close at $39.20 on November 3, 2016.
The Pomerantz Firm, with offices in New York, Chicago,
Florida, and Los Angeles, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP