Indivior Share Discussion Threads

[baddeal] 15/12/2020 20:56

RB would also need to demonstrate that they did everything possible to mitigate its loss and my guess is they perhaps didn't and felt they could rely on an indemnity to cover them. Either way I expect this is going to drag on for a long time and cost a bucket to both sides in legal advice. Unfortunately Indv being the smaller will take more of the pain I suspect

[sarkasm] 14/12/2020 10:50

Nice posts

lindowcross
13 Dec '20 - 16:30 - 3095 of 3095

thank you

[lindowcross] 13/12/2020 16:30

If RB argues that the penalties or payments it had to pay the US authorities were a result of INDV's actions or omissions as a party to a commercial contract, and the indemnity should cover those payments then it's possible the claim won't be enforceable in the English courts. RB might be prevented under the doctrine of "ex turpi causa" from recovering for loss that is a consequence of its own illegal act. In other words RB paid up to the americans presumably because it recognised it broke their laws - even though they may not have been expressly admitted this at the time - and so it would be wrong for those sums to be recovered from INDV as the losses were a consequence of its own illegal actS. (These are just my musings, possibly completely wrong, so I certainly wouldn't advise anyone to base their investment decisions on this! But for sure m'learned friends will be advising on the dispute and the respective strengths of the opposing arguments)

[lindowcross] 13/12/2020 16:02

Looks like the wording of the clause is not yet in the public domain. It's difficult to gauge the effect on Indivior without knowing the precise wording of the indemnity clause and the whole wording of the contract. An indemnity is a primary obligation, so it's an express obligation to compensate someone for loss or damage and is independent of the obligations of the party, that is, INDV, whose promises or contractual terms are being reinforced by the provision of the indemnity. The indemnity does not depend on having to prove a breach of a contractual obligation. So what did INDV promise to do or not do? And did their lawyers protect them at the time with reasonable safeguards in the drafting of the contract?

It looks like RB has filed the Claim Form which just sets out a brief summary of the claim and the full Points of Claim will come within the next 3-4 months setting out exactly why it is they claim INDV is in breach of the indemnity and so owes them cash. Perhaps directors of RB were advised they had no option but to bring the claim due to their legal duty to shareholders.

[the grumpy old men] 03/12/2020 08:43

I guessed that dealy

just that its not evident its a robo but tend to go with your feeling

also any news however how robtic might move the sp

have a super day and be careful out there



dealy
3 Dec '20 - 08:38 - 3092 of 3093
0 0 0
I'm not criticising Waldron. Just the news agencies that do this

[dealy] 03/12/2020 08:38

I'm not criticising Waldron. Just the news agencies that do this

[the grumpy old men] 03/12/2020 08:07

Real-time Estimate Quote. Real-time Estimate CHI-X - 12/03 08:06:01 am

nice start to the day

102 GBX +0.99%

[the grumpy old men] 03/12/2020 08:06

LOL

Could well be so, but still appreciate those posting info related to indivior

thank you very much

[dealy] 03/12/2020 07:33

these articles are written by robots. Literally . They do nothing other than repeat the RNS.

[dealy] 01/12/2020 09:39

so we have a situation of extreme stupidity here (a bit like the current Brexit discussions where unnecessary uncertainty has been allowed to fester,).can't the 2 CEO's pick up the phone and discuss this like professionals?

[waldron] 30/11/2020 19:34

THE WISH LIST GIVING BOXES,Supports and Resistences to determine channels and trends together with broker targets which might of course make you smile or and smirk

70 to 80p
80 to 90p
90 to 100p
100 to 110p$$$$$$$$$$$$$ WE ARE HERE $$$$$$$$$$$$$$$
110 to 120p
120 to 130p
130 to 140p
140 to 150p
150 to 160p
160 to 170pCiti target 165p
170 to 180p
180 to 190p
190 to 200p Jefferies target 200p





DECEMBER END 2019 GIVES 39p which puts us into the 30 to 40p BOX again


June ends in the 80 to 90p BOX at 83p

July ends at 137.60p

August ends at 118.70p

September ends at 117p

October ends at 110.30p

November ends at 101.10p

[waldron] 30/11/2020 19:33

Price (GBX)
101.10 1.35% (1.35)

Open / Last close
96.85 / 101.10

High / Low
111.10 / 96.85

Bid / Offer
101.10 / 102.10

[gregmorg] 30/11/2020 09:48

There are cross indemnities between the two companies. From the Reckitt lawyers point of view it seems they say it was just good housekeeping in keeping the files up to date or active. Whoever did the legal review didn't think to inform the Reckitt chain of command/ compliance- which is why there was no communication between the companies!

But as Mandy Rice Davis once said " well, they would say that etc etc!"

[dealy] 30/11/2020 08:44

well, it's not about guilt. It's about the validity of the claim. This is not just going to disappear. Why don't the companies talk to each other?

[waldron] 30/11/2020 08:25

Indivior PLC said Monday that it believes a claimed filed by Reckitt Benckiser Group PLC against it is without merit and vowed to fully and vigorously defend itself in any proceedings related to the claim.

The U.K. pharmaceutical company on Friday said a claim for 1.07 billion pounds ($1.42 billion) against it had been submitted to the Commercial Court in London by consumer-goods giant Reckitt Benckiser on Nov. 13. Indivior said the claim relates to an indemnity contained in a 2014 demerger agreement between it and Reckitt Benckiser.

The claim hasn't been served on Indivior at the present time, the company said.

Indivior noted comments by Reckitt Benckiser in The Times of London and Financial Times newspapers that it "regularly takes certain procedural steps to preserve potential claims."

Indivior said it believes it has strong grounds for defending against the claim should it be served, based on the information available to the company.



Write to Adria Calatayud at [e-mail]



(END) Dow Jones Newswires

November 30, 2020 02:54 ET (07:54 GMT)

[steeplejack] 30/11/2020 07:46

Doesn't really clarify things.Do you think the management of Indivior have contacted RB or did they just nip out to the newsagents and buy an FT.No FT,no comment.Indivior PLC ("Indivior" or "the Company"), as an entitled party, has reviewed the claim Reckitt Benckiser Group ("RB") filed against the Company in the Commercial High Court in London on November 13, 2020. At the present time, the claim has not been served on the Company. Indivior notes reported comments by RB, as published in The Times and Financial Times newspapers on November 27, 2020, that RB "regularly takes certain procedural steps to preserve potential claims."Based on the information available to it, Indivior strongly believes that the claim is without merit and that it has strong grounds for defending against the claim should it be served. If the claim is served, Indivior will fully and vigorously defend itself in any proceedings related to the claim.Indivior will make further announcements as appropriate, including in relation to whether the claim is served.

[timmy11] 30/11/2020 07:43

Based on the information available to it, Indivior strongly believes that the claim is without merit and that it has strong grounds for defending against the claim should it be served. If the claim is served, Indivior will fully and vigorously defend itself in any proceedings related to the claim.

[dealy] 29/11/2020 14:11

and anyway these stupid idiots should have clarified the status of the claim before dropping a bombshell on Friday

[steeplejack] 29/11/2020 13:23

Hopefully that'll be the case.Nonetheless,these legal issues will continue to overshadow an appreciation of advances made in the marketing of Sublocade whilst they'll be concerns of negative cash flow as Suboxone sales fall away.I've made good money here over the years but this latest issues has driven me to the sidelines.It's unsettling to see a legal wrangling between a parent and its offspring.Actually,it's rather pathetic.Will other parties elsewhere in the world decide to "have a go",if RB thinks it's ok to cripple Indivior with a legal claim.Quite possibly.

[dealy] 29/11/2020 12:57

I think it's a case of a) relatively benign settlement or b) full blown legal battle with potentially 1 billion damages.I tend towards (a) but who knows

[ariane] 29/11/2020 12:45

Next week hopefully will clarify the situation

in tht meantime we wait and watch

[dealy] 29/11/2020 12:13

your reasoning being?