Unions of New York City police detectives and hotel workers sues Valeant

Discussion in 'Valeant Pharmaceuticals' started by anonymous, Aug 29, 2016 at 4:49 PM.

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  1. anonymous

    anonymous Guest

    They should put Pearson in the cell next to his McKinsey pal, Jeffery Skilling.
     
  2. anonymous

    anonymous Guest

    Civil RICO case in Southern District of New York, preparing for the criminal charges in Southern District of New York.
     
  3. anonymous

    anonymous Guest

    Somebody should be Bill Ackmann in jail as he helped facilitate this SEWER!!!!!!!!!
     
  4. anonymous

    anonymous Guest

    The police put their lives on the line everyday while the leadership and managers at this company have perfected the art of greed, arrogance and selfishness. You Valeant people should be ashamed.
     
  5. anonymous

    anonymous Guest

    Your two factual statements are unrelated to each other.

    "Police put their lives on the line"-True
    "leaders have perfected the art of greed"-True.
    What do the two truths have to do with each other? Most major publicly traded companies have public sector pension funds as investors. One would assume that the fund managers did enough due diligence to recognize the trash heap that Valeant is and either not invest or sell out. If the funds didn't sell, then it's the fund managers who should be ashamed for being careless with the police pension money.
     
  6. anonymous

    anonymous Guest

    Your factual statements get to the point..

    most major publicly traded companies have public sector pension funds... true
    If the funds didn't sell, then it's the fund managers who should be ashamed... true

    If the due diligence you speak of couldn't be done because of intentional inaccurate reporting of corporate accounting then what? Don't be an a$$... Valeant needs to disappear..they were and are a stain on industry.
     
  7. anonymous

    anonymous Guest

    RICO cases are difficult to win. They were designed for violent Mafia cases. This is a case of the plaintiff trying to extort money from a defendant. The case will last for a few years and 80%-90% of the time will settle out of court for much, much less than what they're seeking.

    All of you are totally ignorant about business and business law.
     
  8. anonymous

    anonymous Guest

    Why am I the ass. Because I call out the fund managers for dereliction of duty? Pension fund managers are paid to be prudent with their investments. They failed and are trying to recoup some losses in court. Analysts were questioning Valeant's non-GAAP accounting since the Allergan debacle. What more warning sign do you need?

    Companies get sued by investors all the time with claims of misrepresentation. Usually to recoup losses after the stock drops significantly. Fund managers have a history of ignoring the warning signs and not getting off the wagon for fear their investors would complain they were missing out of big gains. It happened with the junk bonds, the dot com, and the housing bubble.

    But I get it. You hate Valeant and are looking for every opportunity to slam them. I don't see many people defending them here. Just those who try to discuss things rationally and your group of posters.