Teva Alleges Fraud In $2B Purchase Of Mexican Drug Co.

By Suevon Lee (September 27, 2016, 10:02 PM EDT) -- Teva Pharmaceuticals Industries Ltd. subsidiaries walloped two brothers who had sold their Mexican drug company to Teva with a $2.3 billion suit in New York state court Tuesday, saying the siblings hid the existence of unlawful products and evaded Mexico's regulatory requirements.

The 52-page complaint comes less than a year after Teva Pharmaceuticals Holdings Mexico S.A. de C.V. acquired Representaciones E Investigaciones Medicas S.A. DE C.V., or Rimsa, from brothers Fernando Espinosa Abdala and Leopoldo De Jesus Espinosa Abdala for $2.3 billion, a deal that landed the brothers on Forbes' list of wealthiest Mexicans alongside billionaire Carlos Slim, according to the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!