Thursday, November 30, 2017

Dr Reddy's faces class action lawsuit

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 Dr Reddy’s Laboratories has been served a securities class action lawsuit in  the  US for alleged violations of federal securities laws.

 The lawsuit, filed in the US district court of New Jersey, seeks damages to  compensate investors for a purported decline in Dr Reddy’s share price  caused  by alleged misstatements or omissions by the company. The  company is listed  in the New York Stock Exchange besides Indian  exchanges.

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