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Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:32 EDTAGN, VRXAllergan files insider trading lawsuit against Valeant, Pershing Square
Allergan (AGN) said it filed a lawsuit in the United States District Court for the Central District of California against Valeant (VRX), Pershing Square and its principal, William Ackman, alleging that Valeant, Pershing Square and Ackman violated federal securities laws prohibiting insider trading, engaged in other fraudulent practices, and failed to disclose legally required information. Allergan stated, "After careful consideration, Allergan decided to file the lawsuit in order to ensure that all of its stockholders have the opportunity to make decisions regarding their investment in the Company based on compliant, full and fair disclosures, and to ensure that any stockholders voting on corporate matters acquired their shares in accordance with the law." In its complaint, Allergan is seeking a declaration from the court that Pershing Square and Valeant violated insider trading and disclosure laws, and an order rescinding Pershing Square’s purchase of the Allergan shares it acquired illegally.
News For AGN;VRX From The Last 14 Days
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January 30, 2015
07:29 EDTVRXValeant selected as lead bidder to acquire Dendreon, Provenge for $296M
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05:20 EDTVRXDendreon reaches agreement for Valeant to serve as 'stalking horse bidder'
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January 26, 2015
17:34 EDTAGNActavis registration statement for Allergan acquisition declared effective
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January 22, 2015
05:57 EDTVRXActavis, Valeant raise prospects of more healthcare deals, Financial Times says
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January 21, 2015
12:30 EDTAGN, VRXGlaxoSmithKline 'admired' by Pfizer CEO, FT reports
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07:22 EDTAGNActavis price target raised to $330 from $280 at Deutsche Bank
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