SUN PHARMA FILES CASE AGAINST TARO PHARMACEUTICALS

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Sun Pharmaceuticals has filed a case against Taro Pharmaceuticals in the Tel Aviv District Court requesting the court to order Taro and its directors to publish the company's audited financial results. Taro has not published its audited financial statements for 2006 and 2007 which is a violation of the Israeli Companies Law, Sun claimed in its petition filed on May 14. Sun Pharma and Taro are already involved in a legal tussle over Sun's proposed takeover of the Israeli firm. Both had signed a $454 million merger agreement in May 2007. 

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