Teva's $70M ARS Suit V. Deutsche Tossed For Good

Law360, New York (December 15, 2010, 4:20 PM EST) -- A federal judge has closed the book on Teva Pharmaceutical Industries Ltd.'s securities action alleging Deutsche Bank AG misrepresented the nature and risk level of more than $70 million in auction rate securities.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York on Tuesday tossed two of Teva's claims as time-barred and the third as moot.

The first count dismissed alleged that the ARS at issue were not exempt from registration with the U.S. Securities and Exchange Commission, and...
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