FYI: A New Jersey mutual fund shop is the latest to take the so-called
"Pharmaceutical Enron" to court, and they're tripling the ante.
Last Wednesday 15 Lord Abbett [profile] mutual funds,
represented by John Azzarello of Whipple Azzarello, sued
Valeant Pharmaceuticals (as well as
PricewaterhouseCoopers, Valeant's auditor, and former Valeant
top dogs J. Michael Pearson, Howard Schiller, Robert Rosiello,
and Tanya Carro) for eight counts, including racketeering and
fraud. The 162-page complaint was filed in the U.S. District Court
for the District of New Jersey. (Lord Abbett is based in Jersey
City, and Laval, Quebec-based Valeant's U.S. headquarters is in
Bridgewater, New Jersey.)
Greg Farrell and Neil W
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=56916&wireid=2
