October 12, 2016
Allergan investors accusing Valeant Pharmaceuticals of unlawfully tipping off hedge fund Pershing Square about an unsolicited $55 billion takeover bid of Allergan asked a California federal judge Tuesday to grant the suit class action status, saying they were harmed by the alleged insider trading scheme.
July 27, 2016
Bernstein Litowitz Berger & Grossmann LLP, which represents investors alleging that Valeant Pharmaceuticals International Inc. illegally tipped Pershing Square Capital Management LP to a proposed merger, urged a California federal judge on Tuesday to reject Pershing's subpoena, calling it a bid to "distract" the firm.
November 11, 2015
A California federal judge on Monday refused to dismiss an insider trading lawsuit brought by two pension funds claiming Valeant Pharmaceuticals International Inc. illegally fed Pershing Square Capital Management LP inside information about its attempted $55 billion takeover of Allergan Inc., holding the company couldn't escape claims on the grounds it used a broker.
September 21, 2015
Two pension funds claiming Valeant Pharmaceuticals International Inc. illegally fed Pershing Square Capital Management LP inside information about its attempted $55 billion takeover of Allergan Inc. told a California federal court Friday that Valeant's dismissal arguments have already been rejected or don't hold up to close scrutiny.
July 09, 2015
Like the first half of the year, the second half of 2015 will likely be marked by lingering fallout from the Second Circuit's landmark Newman decision and a Georgia judge's decision to block a U.S. Securities and Exchange Commission in-house case, but that's not all to watch out for. Here, Law360 takes a look at the securities litigation landscape for the rest of the year.
May 07, 2015
Bernstein Litowitz Berger & Grossmann LLP and another firm prevailed Tuesday over rival firms vying to lead a shareholder lawsuit in California federal court rooted in Valeant Pharmaceutical International Inc.'s aborted $55 billion takeover of Allergan PLC.