criminal charges

lots of signs/activities pointing to next week being the week. giddyup.

 

Would love to see a resolution. What signs are telling you a verdict could be as early as next week? You're referring to the Philador case with Tanner and Davenport, right?

 

You're an idiot.

Like what, Kreskin?

 

the company, MP, others. legal seems to think so

 

What "signs and activities" ? I've been out of the office quite a bit.

 

BH, is that you?? Of course, you're out of the office, since you're in Vegas playing golf on the company's dime. Just keep your head stuck in the mud, where it normally is.

 

Right before earnings call. The DOJ isn't playing around. They want to bring down VRX for the scum that they are. And they even brought in more scum in dermatology. BH!!!!

 

You're still an idiot.

Once again, you have no specific credible information about anything.

 

Is this the limit of your vocabulary? You keep repeating yourself.

 

how about this for specific info - our lawyers on the case Sullivan & Cromwell quit due to imminence of the charges.

 

S&G don't care about the charges, since it'll be more billable hours for them. If they did quit, it'll be for a different reason, like withholding information, fraudulent statements, or haggling on hourly rates.

We hired a new general counsel, so she should be able to navigate the lawsuits. Maybe, she fired them and hired another set of attorneys that she had worked with in the past. She may be giving the business to her ex-cronies. Chai-Onn was way over his head, he never had a chance, given his inexperience as a lawyer and an executive of a growing company.

We'll dodge these lawsuits like we've dodged all other b.s. lawsuits in the past. We'll get slapped on the wrist, pay a minimal fine, then we all move on.

 

Get real...Lawyers don't quit when they get to bill more hours, which they would with charges filed.

 

They do quit if they think the billable hours aren't billed at the rate they want...

Business is a money game, nothing more. "IF" they quit, you can't assume it's related to hours one way or the other. They could have quit due to not getting paid enough, or they could have quit to save their reputation since they thought it was going to impact their next case.

Either way, they only quit for money. And if in house counsel is up to the task, there's not reason to pay external.

They could have just quit to save face too...

 

No mental boy, it is not BH. You need to get professional help.

 

I am the professional help, but what are you getting, BH as your fearless leader shacking up with his admin in Vegas. Such a great role model and leader. Why don't you kiss his arse today, like you do every day. You shameless slug.

 

I thought criminal charges were supposed to come this week, you gossiping dope?

I've never heard of attorneys passing up billable hours at a multinational company. If they really didn't want it, they would put lower level people on it.

If Valeant got rid of longtime external counsel, it means their internal counsel that they hired is handling things just fine. They didn't have an internal counsel at the C level before like Christina Ackermann. Once Christina felt she had a handle on everything, there wouldn't be as much of a need for external attorneys everywhere.

Sullivan and Cromwell worked with them on M&A in the past and other assorted random things. They certainly stayed with them during the darkest periods, which is definitely not now. They have no experience with criminal law and it's not in their practice specialty.

You have no idea what you're talking about.

 

I've never posted here before but I do follow Valeant and was intrigued by this posting which I now believe is just false & irresponsible. And I am an attorney and have white collar defense experience.

1) Sullivan & Cromwell does corporate transactional work. They do not have a white collar corporate investigations or white collar defense practice, as far as I know. That would be more WilmerHale, Covington, Willkie, etc.

2) The very purpose of hiring outside counsel is to navigate/negotiate with prosecutors through criminal/civil investigations. No firm would ever fire a client because they felt charges were imminent.

And for what it's worth, high profile indictments are almost always announced on a Wednesday or Thursday by the US Attorney's office - it gives them maximum press exposure, and they love their press (arguably their prosecutorial agenda is driven by it.)