Litigation
Nov. 6, 2014
Court allows hedge fund to vote at Allergan board meeting
A federal judge Tuesday ruled that hedge fund Pershing Square Capital Management would not be barred from voting its majority stake in a long-running hostile takeover bid for Botox-maker Allergan Inc.
Daily Journal Staff Writer
SANTA ANA - A federal judge Tuesday ruled that hedge fund Pershing Square Capital Management would not be barred from voting its majority stake in a long-running hostile takeover bid for Botox-maker Allergan Inc.
The decision by U.S. District Judge David O. Carter of the Central District could force Allergan to sell to Valeant Pharmaceuticals International, which partnered with Pershing Squar...
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