Welcome to the Settlement Website for the Teva Securities Litigation.
If you purchased or otherwise acquired Teva Pharmaceutical Industries Ltd. (“Teva”) American Depositary Shares (“ADS”), 7.00% mandatory convertible preferred shares (“Preferred Shares”), and/or certain Teva Pharmaceutical Finance Netherlands III B.V. (“Teva Finance”) U.S.-dollar-denominated senior notes (“Notes”) during the period from February 6, 2014 through May 10, 2019, inclusive(the “Class Period”), you may be entitled to a payment from a proposed class action settlement.
The Court held a Settlement Hearing on June 2, 2022 and approved the settlement and Plan of Allocation. The Court also granted the motion for the awards of attorneys’ fees, litigation expenses, and reasonable costs and expenses to Class Representatives. The settlement will create a $420 million cash fund, plus earned interest, for the benefit of eligible Settlement Class Members after the deduction of Court-approved fees, expenses, and Taxes, and after deductions for awarded attorneys’ fees and litigation expenses, to pay claims of all persons and entities who purchased or otherwise acquired Teva ADS, Preferred Shares, or Notes during the Class Period.
Submit a Claim
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed settlement, you must submit a Proof of Claim and Release Form so that it is postmarked or received no later than May 17, 2022. Do not submit claims by email. Payments will be made to eligible Settlement Class Members who timely submit valid Proof of Claim and Release Forms after any appeals are resolved, and after the completion of all claims processing. Please be patient as this process will take some time to complete.
While the deadline for submitting a claim in this action was May 17, 2022, Lead Counsel intends to recommend, subject to Court approval, that valid claims postmarked or electronically submitted by December 9, 2022 receive payment from the initial distribution of the Net Settlement Fund. Claims postmarked or submitted after December 9, 2022 will not be included in the initial distribution, and if you submit such a claim, you are required to include a written explanation for the late submission and any supporting documents.
If you are a Settlement Class Member, your legal rights will be affected whether you act or do not act. If you do not act, you may permanently forfeit your right to recover on any claim you might have. Therefore, you should read the Long-Form Notice carefully (available here).
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.
Please do not call the Court or Defendants’ counsel with questions about the Settlement.