BRIEF-Novo Nordisk To Pay $100 Mln In Settlement Agreement

by Reuters
Friday, 24 September 2021 14:09 GMT

Sept 24 (Reuters) - Novo Nordisk A/S:

* NOVO NORDISK ANNOUNCES SETTLEMENT OF US SECURITIES CLASS ACTION LITIGATION

* NOVO NORDISK ANNOUNCED THAT IT HAS REACHED AN AGREEMENT IN PRINCIPLE TO SETTLE PREVIOUSLY DISCLOSED SECURITIES CLASS ACTION LITIGATION PENDING IN FEDERAL DISTRICT COURT OF NEW JERSEY, US.

* NOVO NORDISK HAS AGREED TO PAY 100 MILLION US DOLLARS (INCLUSIVE OF ALL PLAINTIFFS' ATTORNEYS FEES AND EXPENSES AND SETTLEMENT COSTS)

* PAYMENT, WHICH IS COVERED BY INSURANCE, WILL BE MADE INTO A SETTLEMENT FUND AND DISTRIBUTED AMONG PLAINTIFFS.

* AGREED TO PAY 100 MILLION US DOLLARS (INCLUSIVE OF ALL PLAINTIFFS' ATTORNEYS FEES AND EXPENSES AND SETTLEMENT COSTS)

* SETTLEMENT IS SUBJECT TO A COURT APPROVAL PROCESS, WHICH COULD TAKE SEVERAL MONTHS. Source text: https://www.novonordisk.com/content/nncorp/global/en/news-and-media/news-and-ir-materials/news-details.html?id=78734 Further company coverage: (Gdansk Newsroom)

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