Civil Litigation
Jan. 17, 2018
Judge sets framework for preliminary approval of $290 million settlement
A federal judge on Tuesday set the framework for preliminary approval of a $290 million settlement proposed in an insider trading class action, ending three years of what he described as “scorched earth litigation.”
SANTA ANA — A federal judge on Tuesday set the framework for preliminary approval of a $290 million settlement proposed in an insider trading class action, ending three years of what he described as “scorched earth litigation.”
The deal stems from a lawsuit on behalf of Allergan PLC shareholders that accused Valeant Pharmaceuticals International Inc. and Pershing Square Capital Management of an insider trading scheme involving Valean...
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