CORRECTED: Convictions Don’t Mean Valeant Is Off The Hook
Law360 (May 23, 2018, 6:17 PM EDT) -- Valeant Pharmaceuticals International Inc. may have helped prosecutors secure a conviction for a former employee who took a $9.7 million kickback in exchange for pushing Valeant to buy a mail-order pharmacy, but that doesn’t mean the drugmaker won’t face liability over its ties to Philidor Rx Services, attorneys told Law360.
A Manhattan federal jury deliberated for less than one full day before it convicted Gary Tanner, a former mid-level executive at Valeant, of betraying his company and growing its dependence on Philidor so Valeant would acquire the Pennsylvania pharmacy, whose CEO, Andrew Davenport, secretly promised to send Tanner a cut of...
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