Valeant Looks To Shake Investment Fund’s State RICO Claims

Law360 (March 7, 2018, 6:41 PM EST) -- Valeant Pharmaceuticals International Inc., several members of its management and auditor PricewaterhouseCoopers LLP asked a Manhattan federal judge to toss three investment funds’ claims that Valeant perpetrated a criminal racketeering scheme through fraud and price-gouging, saying the accusations don't pass muster.

The pharmaceutical giant on Tuesday argued that three funds run by Hound Partners LLC have outlined only a vague racketeering conspiracy through which it allegedly boosted Valeant’s stock by defrauding investors, manipulating the market and accepting illegal kickbacks, among other means, in violation of New...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.