Mumbai, April 17 -- The case forms part of the broader In re Generic Pharmaceuticals Antitrust Litigation, a multi-defendant proceeding involving several pharmaceutical companies accused of price-fixing and market allocation practices in generic drugs. The litigation is pending in Philadelphia, Pennsylvania.

The agreement states that Lupin Pharmaceuticals Inc. denies all allegations, and the settlement does not constitute any admission of liability or unlawful conduct. The settlement is an attempt by the company to resolve legacy legal exposures to avoid prolonged litigation costs and related uncertainties.

Under the agreement, Lupin Pharmaceuticals Inc. will pay $30 million for a full and final release of all claims by Humana against t...