L-R: Joseph A. Fonti and Javier Bleichmar of Bleichmar Fonti & Auld, and James K. Robertson Jr. of Carmody Torrance Sandak & Hennessey. Courtesy photos 'People Were Pretty Surprised': $420M Settlement Secured by Small Law Firm Against Teva
"We were the underdog, but we were the competent underdog," James K. Robertson of Carmody Torrance Sandak & Hennessey said.
February 17, 2023 at 11:00 AM
6 minute read
The original version of this story was published on Connecticut Law Tribune
New York law firm Bleichmar Fonti & Auld secured a $420 million settlement for its clients in a securities class action case against Teva Pharmaceuticals. The law firm was viewed as the underdog, but exceeded the law community's expectations in the end.
The named plaintiffs, Ontario Teachers' Pension Plan Board and Anchorage Police & Fire Retirement System, alleged in the complaint that Teva allegedly engaged in price fixing to raise profits.
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