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U.S. District Court Rules in Favor of Sun Pharmaceutical Industries Ltd, Dismisses All of Taro Pharmaceutical Industries Ltd. (TARO)'s Claims


7/15/2010 11:22:59 AM

MUMBAI, India--(BUSINESS WIRE)--Sun Pharmaceutical Industries Ltd. (Sun) (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUNPHARMA, BSE: 524715) today announced that the United States District Court for the Southern District of New York had dismissed in its entirety the complaint filed by Taro Pharmaceutical Industries Ltd. (Taro) (Pink Sheets: TAROF) seeking to block the Tender Offer by Sun’s subsidiary, Alkaloida Chemical Company Exclusive Group Ltd. (Alkaloida), to purchase all outstanding Ordinary Shares of Taro.

Read at BioSpace.com


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