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Violation Tracker Individual Record

Company: Teva Pharmaceuticals Industries Ltd.
Current Parent CompanyTeva Pharmaceutical Industries
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $270,000,000
Year: 2012
Date: February 17, 2012
Offense Group: safety-related offenses
Primary Offense: product safety violation
Secondary Offense: drug or medical equipment safety violation
Mega-ScandalPharmaceutical Hazards
Violation Description: In 2012 Teva Pharmaceuticals disclosed that it had spent or put aside $270 million to cover the costs of numerous settlements relating to the role of its anesthetic Propofol in causing a hepatitis C outbreak: (click here)
Level of Government: federal
Action Type: private litigation
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Israel
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.