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KV v. Circa settlement

Executive Summary

Circa (formerly Bolar) pays $3 mil. to KV in settlement of a suit filed by KV in St. Louis federal court in February 1990. KV had sought $149 mil. in damages and terminated the firms' joint venture, citing Bolar's "impaired...reputation and trade prestige" due to an FDA audit of Bolar's ANDAs and related "substantial adverse publicity" ("The Pink Sheet" March 5, 1990, T&G-13).
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