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07/14/2010 08:46:00 PM EST

Novartis agrees to pay $152.5M to settle claims

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Corporate and Securities Law Community Staff

NEW YORK-(AP) Novartis will pay up to $152.5 million to potentially thousands of women after a jury found it discriminated against them by paying them less than men, the pharmaceutical company and plaintiffs' lawyers announced Wednesday after a deal was struck.

The agreement, which still must be approved by a federal judge…

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