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Friday, 1 August 2014

Allergan sues Valeant, Ackman for alleged insider trading

Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks at the Sohn Investment Conference in New York (Reuters) - Allergan Inc , which is fighting a $51 billion hostile takeover bid from Valeant Pharmaceuticals International and activist investor William Ackman, on Friday filed a federal lawsuit alleging they violated insider trading laws and engaged in other fraudulent practices. (Reporting by Ransdell Pierson)








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