Indivior to pay $85M to resolve consolidated antitrust litigation proceedings

Indivior (INDV) reached an agreement via mediation with Blue Cross Blue Shield of Massachusetts, Health Care Service Corp., Blue Cross and Blue Shield of Florida, Molina Healthcare (MOH), Aetna and certain of their affiliates to resolve consolidated antitrust litigation proceedings in Roanoke County Circuit Court. These actions had been pending since 2020. The agreement will terminate the trial that was scheduled to begin on July 15. As part of the agreement with the plaintiffs, Indivior will pay $85M and will take a charge of $85M in the second quarter, which will be excluded from adjusted earnings. Payment will be funded from Indivior’s existing cash balance.