Home Pershing Square says Allergan CEO led smear campaign against Valeant
 

Keywords :   


Pershing Square says Allergan CEO led smear campaign against Valeant

2014-10-22 11:21:16| Biotech - Topix.net

Pershing Square Capital Management says that it has uncovered evidence that the management of Allergan Inc. made false and misleading statements about Valeant Pharmaceuticals Inc. as part of a "scorched earth" campaign to thwart the Canadian company's hostile takeover of the California-based maker of Botox. Pershing Square, which is Allergan's largest shareholder and Valeant's ally in the takeover battle, says in a 44-page court filing - which has many portions blacked out and which hasn't been tested in court - that Allergan chief executive David Pyott, who is also chairman of Allergan's board, "personally led the charge and directed much of the misconduct."

Tags: led square campaign ceo

Category:Biotechnology and Pharmaceuticals

Latest from this category

All news

»
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
06.11Eastern North Pacific Tropical Weather Outlook
More »