VRX: Class action against VRX (among others) Last couple of years, anytime VRX stock was doing well, a group of people start doing this. Not 100% sure but my guess is that next Option expiration date is Jul 21 and the big firms who have been shorting VRX stocks always look for some excuse to bring down the price to save (or profit) from the short positions before expiry. This will continute becz. every month there is an option expiry date,so the same game will go on either in the form of lawsuit or dumping stocks creating panic (and or an negative article in the big newspapers). Last few days, there was a sense that VRX is in bullish mode, so this is the best time to do something like this before it goes beyond control.
Unfortunately, there are many big players in the market, so it won't be easy for Valeant to march forward!
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Entwistle & Cappucci LLP ("Entwistle & Cappucci") and Susman Godfrey L.L.P. ("Susman Godfrey") today announced that they have filed a securities class action lawsuit on behalf of persons or entities that traded certain derivative securities of Allergan, Inc. (NYSE:AGN) ("Allergan" or the "Company") during the period February 25, 2014 through April 21, 2014, inclusive (the "Class Period"), and who thereby sustained damages (the "Class"). The case was filed in the United States District Court for the Central District of California, Case No. CV 17-04776-DOC (KESx), against Pershing Square Capital Management, L.P., Valeant Pharmaceuticals International, Inc. ("Valeant") and related defendants (collectively, "Defendants").