September 21, 2018 / 1:30 AM / in 7 months

UnitedHealth must honor $125 mln settlement its outside counsel cinched with Teva - judge

UnitedHealth Group is bound by a $125 million settlement between Teva Pharmaceutical Industries and several insurance companies resolving claims that Cephalon Inc, later bought by Teva, suppressed competition for its wakefulness drug Provigil, a federal judge in Pennsylvania has ruled.

U.S. District Judge Mitchell Goldberg in Philadelphia said Wednesday that the Minnesota-based insurer had effectively given its outside counsel the authority to sign an enforceable settlement agreement, despite a misunderstanding about whether it was binding.

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