(Sharecast News) - Pharmaceutical firm Indivior revealed on Friday that former chief executive Shaun Thaxter had been sentenced in United States Federal Court.
Indivior highlighted that the agreement between the Department of Justice and Thaxter, who pleaded guilty to one misdemeanour count under the Responsible Corporate Officer Doctrine, was in his personal capacity and not on behalf of the company.
The FTSE 250-listed firm added that the agreement between itself and the government was still subject to approval by a federal judge at a hearing currently scheduled for 12 November.
"As previously noted, the incident to which the agreement relates occurred well in the past and does not reflect the values Indivior has strived to demonstrate during its long history of fighting the opioid crisis," added Indivior.
As of 0830 BST, Indivior shares were up 0.20% at 100.40p.
Indivior (INDV)23 May 2024 12:29
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