Teva Pharmaceutical Industries Ltd. has made many acquisitions over the years, some successful and some less so, but none of its acquisitions escalated into counter lawsuits and severe accusations between Teva and the sellers - until Teva acquired Mexican company Rimsa.
Teva acquired Rimsa a year ago for $2.3 billion, and the acquisition was completed five months later. Two weeks ago, the former owners of Rimsa, the Espinosa Abdala brothers, filed a lawsuit against Teva, alleging that it was trying to escape the deal using false allegations of fraud.
