Concordia Healthcare Corp. T.CXR.R

Healthcare Biotechnology

TSX:CXR.R - Post by User

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

<< Previous

Bullboard Posts

Next >>

Comment by Iatticeon Mar 22, 2017 11:02am

189 Views

Post# 26013685

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

pacermonitor.com

(Requires a subscription)

RodneyCameron wrote: 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).