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I’m looking for more than double. It was in the £1.20 range before the indictment and that was on the expectation that generics would cannibalise more of their market share than has ended up being the case.
That appears to be the case and hopefully it is justified...
Thing is if they settled for anything under $500m tomorrow the SP would likely double..and that would be a good result for most of us..
Dodge, something people need to bear in mind, RB was the main defendant and Indivior was sucked into this by association. Just my opinion though and the DOJ could have a very good case but I really think they haven't. RB was an easy touch for a big fine and I feel they expected Indivior to be the same. However, it would appear Indivior are not going to roll over so easily.
GLA
Manifesto, was not trying to suggest they have a strong case either way, just commenting on the fact the GJ believes we have a case to answer to...
That does not in anyway suggest if it is a weak or strong case, just the fact in their opinion there is one
Dodge...INDV have stated that the allegations are without
foundation..we cannot know at what level DOJ went into
the detail of the allegations, so just because they have
decided to proceed does not guarantee that they will
win the case...if we believe INDV then there is good
reason to say they can successfully defend the case!
Many cases here get thrown out when they get to Court..!
Whatever the evidence comprises of the Grand
Jury believes it is enough to warrant a prosecution.
Similar to UK CPS they look at then evidence and from that determine if a prosecution has a chance of success
I think the point is...are Whistle Blowers accusations
against us true or have DOJ been mislead..there has
not been a chance to fully defend ourselves at this
point....has a case to answer been based on fact
or hearsay......That is the question IMO!
That's the purpose if a Grand Jury in the US and it found there
was a case to answer to so, don't understand some of the earlier
posts suggesting otherwise...
IMO the Court will have to look at the evidence before them.
There is either a case against us...or not...! No precedent
has been set as there was no Court Case...no ruling..
no examination of the facts ....IMHO!
wont the courts use Reckit as precedence to settle without prejudice?
I’m with you M. The company is not under any pressure to settle. The SP has been hit hard but the business is operating well and making substantial profits. I do not rule out a settlement but we as shareholders have probably gone through the worst, the DOJ will have to prove their case or accept that they can’t and give up.
Why is there pressure for INDV to settle? They have declared in robust
terms that they refute the claims against them, and have begun
the process to defend the case...to date there has been no evidence
to prove a case against them.....DOJ will have to justify their
actions.......Whistle Blowers will have to back up their claims...
Have DOJ been mislead........!!
I would also suspect there is more pressure on Indivior to settle out of court for the beneficiary of those who will gain the most, but at what settlement?
https://www.law.com/corpcounsel/2019/07/11/justice-department-6-whistleblowers-win-1-4b-settlement-with-opioid-maker/?slreturn=20191023115350
I'm convinced the majority of the DOJ's indictment against Indivior is based on hearsay and if the DOJ are forced to produce all the legally standing evidence they are using against Indivior they simply cannot do it.
GLA
I can only conclude that there is no 'viable or realistic withheld evidence, Might just be a bluff.
https://www.law.cornell.edu/rules/frcrmp/rule_16
Written opinion
Good work Spacetec, like many have commented here the DOJ have to produce the information to allow INDV the time to muster their defence - my view is that they are constantly playing for time in the hope that INDV will buckle - I don’t believe they will.
I note dodge’s earlier point about the difficulty of getting lawyers to commit but this is a $billion action - INDV have some of the best legal minds working for them - these guys will have provided a written option on which INDV will have relied, we are spending $millions to defend our position, I believe that for once this may be money well spent. Hold hard. ATB
Well Joe a little rally..but a promising UT for Monday..
it does feel like the trend is upward..
Good weekend to all!
Hopefully an overdue Friday rally.....they used to be frequent :-(
GLA
The DOJ are targeting the good guys, a company working to CURE opioid addiction.
The companies they should be chasing are the ones pushing opioids and creating mass addiction - misery- crime -death.
"lawyers working for their defense"
or with their defense is a better way to say it
GLA
Hi Manifesto, Indivior have ex DOJ judges / lawyers working for their defense. This was mentioned in an RNS or a media report sometime ago. Like you say, I would imagine these guys know exactly what they are doing.
GLA
Have no knowledge of USA Law, but in the UK you would
certainly have to supply the information INDV have
requested in full disclosure documents prior to any Court Case!
Failure do do so would mean you would not be allowed
to introduce any further evidence during the hearing
that had not been previously disclosed. I would be
surprised if the US system was significantly different!
I assume we have US Lawyers working for us
and why would they request information if they
knew it was not within INDV's legal right to
have access to such detail....!
Agreed, appears on be fairly standard request for info to avoid "ambushes" at the trial.
Interesting the Gov are showing a reluctance to provide the information.
Maybe they do have skeletons in the cupboard..
Watch this space...
I feel the same ,lets see what the DOJ will response to this ,I believe Indivior must be very confident to fight this the best they can