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INDV - Indivior News Story

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Enterprise Value £615.4m
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Indivior PLC - Statement re US Court Sentencing of Former CEO

Fri 23rd October, 2020 7:00am
RNS Number : 9911C
Indivior PLC
23 October 2020
 

 

 

 

US Court Sentencing of Former CEO

Slough, United Kingdom and Richmond, Virginia - October 23, 2020 - Indivior PLC (LON: INDV) notes that Shaun Thaxter, its former Chief Executive Officer, was sentenced in United States Federal Court yesterday after pleading guilty to one misdemeanor count under the Responsible Corporate Officer Doctrine.

As the Group has previously noted, the plea agreement between Mr. Thaxter and the United States Department of Justice is in his personal capacity and not on behalf of Indivior. The separate agreement between the Group and the government that was announced on July 24 remains unchanged and is subject to approval by a federal judge at a hearing currently scheduled for November 12.

As previously noted, the incident to which the agreement relates occurred well in the past and does not reflect the values Indivior has strived to demonstrate during its long history of fighting the opioid crisis.

 

For Further Information

Investor Enquiries

 

Jason Thompson

VP, Investor Relations Indivior PLC

+1 804 402 7123

jason.thompson@indivior.com

Media Enquiries

Jonathan Sibun

Tulchan Communications

US Media Inquiries

 

+44 207 353 4200

+1 804 594 0836

Indiviormediacontacts@indivior.com

 

 

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