Ackman, Valeant Target Of Lawsuit; Will Allergan's Pyott Join Plaintiffs?
A new class action lawsuit is doing what some had anticipated government regulators would do: charging that Bill Ackman, his hedge fund, Pershing Square Capital Management, and Valeant Pharmaceuticals Intl Inc, engaged in insider trading.
The suit, brought by investors who sold stock between February and April, a period when Ackman's Pershing Square Capital Management had knowledge of a pending acquisition of Allergan Inc. and discreetly purchased nearly 10% of Allergan's stock . . .
SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
|
