Concordia Healthcare Corp. T.CXR.R

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Concordia Healthcare Corp. > Excerpt from Rosen Law's 30+ page Court Filing Yesterday

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Comment by RodneyCameronon Mar 22, 2017 9:42am

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Post# 26012868

RE:Excerpt from Rosen Law's 30+ page Court Filing Yesterday

lattice: Where can I find the full document? Do you have a link you can post?

Iattice wrote:

3. The Complaint Adequately Pleads False and Misleading Statements and Omissions Regarding the Company’s Liquidity and Debt

Defendants made false and misleading statements regarding the Company’s liquidity and debt issues in a press release issued on August 3, 2016. That release quotes Thompson as stating: “Concordia has no liquidity or debt issues, a strong free cash profile, and sales channels in more than 100 countries.” ¶85. As of August 3, 2016 – well after the close of the second quarter – Thompson’s statement was demonstrably false. See ¶95 (August 16 analyst expression of concern over debt repayment because of importance of Donnatal to Concordia’s cash flows).