Dr. Reddy's $9M Deal Gets Nod In Quality Control Suit

Law360 (May 18, 2020, 3:52 PM EDT) -- A New Jersey federal judge on Monday signed off on a $9 million deal in a pension fund's proposed consolidated class action against Dr. Reddy's over claims the pharmaceutical business made misleading statements about quality control issues at manufacturing facilities.

More than a year after a district court judge trimmed the suit, U.S. Magistrate Judge Douglas E. Arpert granted a Friday motion from the lead plaintiff, the Public Employees' Retirement System of Mississippi, for preliminary approval of the settlement.

Noting the chances of getting nothing if the case kept going, the fund said the agreement "will provide a substantial benefit to...

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