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Finsbury is working media for Reckitt Benckiser Group’s record $1.4B opioid-linked settlement with the Justice Dept. and Federal Trade Commission regarding marketing practices for the Suboxone Film painkiller of its former subsidiary, Indivior.
Though UK-based RB maintains it did nothing wrong, the board opted to make peace with feds in the best interests of the company and shareholders.
The settlement “avoids the costs, uncertainty and distraction associated with continued investigations, litigation and the potential of an indictment at a time of significant transformation under RB 2.0 and during CEO transition,” said RB’s statement.
Laxman Narasimhan, who was chief commercial officer at PepsiCo, will succeed Rakesh Kapoor at the helm of the pharmaceuticals, personal care and “home hygiene” (Air Wick, Lysol, Calgon, Woolite, Vanish) company on Sept. 1.
RB “demerged” Indivior in 2014.
Finsbury’s Faeth Birch and Philip Walters rep RB.
To shape public opinion about corporate legal cases, communicators need to be prepared from the filing forward, according to a new study from H/Advisors Abernathy.
Longacre Square Partners has formalized its litigation & complex disputes practice under COO Rebecca Kral.
Vision Americas International has filed a $1.3M contract to provide communications and PA support to Vinson & Elkins to backstop its legal work on behalf of the ad hoc board of Petroleos de Venezuela, the US recognized representative of the state-owned energy giant.
FGS Global handles Albertsons Co. as it sues former merger partner Kroger for failing to fight for approval of the deal after it was blocked by a federal judge.
Michael Frishberg, who was global COO at Kroll financial and risk advisory, has signed on as a senior advisor at C Street Advisory Group.
