Valeant Pharmaceuticals News

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Valeant Pharmaceuticals and its former CEO Michael Pearson have been accused of a long list of nefarious activities. Now a mutual fund that claims it lost a mind-boggling $80 billion on its Valeant investments has rolled all of those into a lawsuit that alleges Valeant was a criminal enterprise.

The civil securities fraud lawsuit was filed in federal court in New Jersey by mutual fund Lord Abbett & Co. It names Valeant, Pearson, former CFOs Robert Rosiello and Howard Schiller, former controller Tanya Carro and Valeant's accounting firm PwC.

Fund's $80B Valeant losses prompt lawsuit calling company a criminal enterprise | FiercePharma

A mutual fund that claims it lost a mind-boggling $80 billion on its Valeant investments has rolled a long list of alleged violations into a lawsuit that alleges Valeant was a criminal enterprise.

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long painful decline is a disservice to shareholders $VRX should just break itself up & be down with it- How in the world can it survive?

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