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Valeant, Ackman must face U.S. insider trading lawsuit

2015-11-12 01:40:19| Biotech - Topix.net

A U.S. judge said Valeant Pharmaceuticals International Inc. and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox. In a Nov. 9 decision, U.S. District Judge David Carter in Santa Ana, California, rejected arguments by Valeant, Ackman and Ackman's Pershing Square Capital Management that the lawsuit should be dismissed because their activity was not fraudulent.

Tags: face trading insider lawsuit

 

Investor Ackman defends Valeant in 4-hour conference call

2015-10-31 17:26:26| Biotech - Topix.net

In his talk Friday, Bill Ackman, who runs Pershing Square Capital Management, answered nearly 200 questions sent by email from investors and reporters. In his talk Friday, Bill Ackman, who runs Pershing Square Capital Management, answered nearly 200 questions sent by email from investors and reporters.

Tags: call conference investor defends

 
 

Bill Ackman Begs To Differ With David Tepper On Economy

2015-09-14 19:10:33| Chemicals - Topix.net

This weekend, we reported the thoughts of investment titan David Tepper of Appaloosa Management regarding where the market is heading given the revision of growth estimates on account of lagging economies, particularly China, and the downtrodden price of oil. To sum it up, he believed that there wasn't much room for the S&P 500 to head higher, but wouldn't want to be short either, owing to a couple of reasons, which included possible investor enthusiasm if the Fed decides to raise rates in its upcoming meeting.

Tags: david bill economy differ

 

Big name investors take sides on Ackman bet on Valeant: filings

2015-05-16 18:10:24| Biotech - Topix.net

With its stock up 56 percent since January, the Canadian company is giving new and existing investors plenty to cheer about. In the last 52 weeks, it has risen 80 percent, outperforming both the S&P 500 Index and the Pharmaceuticals sub-index.

Tags: big sides bet investors

 

This ETF lets you invest like Icahn and Ackman, on the cheap

2015-04-30 05:19:19| Railroads - Topix.net

Their activist conquests will be tracked by the new Global X Guru Activist Index ETF , which aims to ride the coat tails of 50 of the largest and most successful activist investors. It launched on April 29. Activist investors typically try to buy a big chunk of shares in a company so they can get enough voting power to swing company proxy votes and get seats on the board.

Tags: the on cheap invest

 

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