m
Recent Posts
Connect with:
Monday / February 10.
HomeminewsAllergan Files Valeant Lawsuit

Allergan Files Valeant Lawsuit

A lawsuit has been filed in the U.S. District Court by Allergan against Valeant Pharmaceuticals, Pershing Square Capital Management, and its principal, William A. Ackman citing insider trading, engagement in fraudulent practices and failure to disclose legally required information.[/vc_column_text][/vc_column]

Allergan claims Pershing Square purchased Allergan stock and securities valued at more than US$3.2 billion ahead of the first public offering, with full knowledge of Valeant’s non-public intention to take over Allergan. The transactions were alleged to occur between February and April 2014.

According to reports, the lawsuit may disrupt Valeant’s US$53bn hostile takeover attempt.

DECLARATION

DISCLAIMER : THIS WEBSITE IS INTENDED FOR USE BY HEALTHCARE PROFESSIONALS ONLY.
By agreeing & continuing, you are declaring that you are a registered Healthcare professional with an appropriate registration. In order to view some areas of this website you will need to register and login.
If you are not a Healthcare professional do not continue.