04:29 AM EDT, 08/19/2024 (MT Newswires) -- MSP Recovery ( LIFW ) , which does business as LifeWallet, said Monday it has reached a pharmaceutical antitrust settlement of $3.1 million.

The company claimed that a manufacturer had increased the price of a drug in violation of antitrust laws. The settlement amount is expected to be collected in Q3, it said.

MSP Recovery ( LIFW ) shares rose more than 10% in premarket hours Monday.

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