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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...
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