valeant class action settlement website

Valeant shares soared past $250 to hit all-time highs in 2015 as the drugmaker went on an acquisition spree while hiking prices on critical heart drugs and other medicines. (Ret.) Bausch Health undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law. All Use of this site signifies your agreement to the Legal Notice and Privacy Policy. More information can be found at www.bauschhealth.com. The Canadian company said Monday that a settlement in the securities class action will resolve all claims against it.

Forward-looking Statements This news release may contain forward-looking statements, which may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. The Action, filed in the Quebec Superior Court in 2015, alleged violations of Canadian securities laws regarding substantively the same matters as in the U.S. securities class action, which the Company also successfully settled. Bausch Health Companies Inc. said Monday that it admits no wrongdoing as part of the settlement. The class members in the proposed class action against Valeant Pharmaceuticals International, Inc., now known as Bausch Health Companies Inc., and others, commenced in Ontario by Strosberg Sasso Sutts LLP are now members of the Valeant Canadian Class that was authorized (certified) by order of Justice Chatelin of the Superior Court of Quebec on August 29, 2017.

This copy is for your personal non-commercial use only.

As part of the settlement, the company and the other defendants admit no liability and deny all allegations of wrongdoing.

Dennis M. Cavanaugh, U.S.D.J. Newspapers Limited, One Yonge Street, 4th floor, Toronto, ON, M5E 1E6. Bausch Health Companies Inc. is taking another step to distance itself from the toxic past of its Valeant era, announcing a US$1.21-billion settlement in a class action lawsuit. Canada These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. 2150 St. Elzéar Blvd. LAVAL, QC, Aug. 5, 2020 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company"), today announced that the parties in the Canadian securities class action (Cattuci et al. (800) 361-1448. The Quebec-based pharmaceutical company says the settlement resolves substantively the same matters as a U.S. securities class action that was settled last year for US$1.21 billion. v. Valeant Pharmaceuticals International Inc. et. The information contained on this website is only a summary of the information presented in more detail in the approved Notice of Settlement of Class Action. This report by The Canadian Press was first published Aug. 5, 2020. The CEO who led the buying spree was ousted in 2016 as the value of the company evaporated. West Bausch Health, once known as Valeant Pharmaceuticals, will pay more than $1 billion to settle litigation over a stock plunge that investors suffered after the compnay became the poster child of drug company price gouging several years ago.

In re VALEANT PHARMACEUTICALS INTERNATIONAL, INC. SECURITIES LITIGATION This Document Relates To: Case No. rights reserved.

While the website is live, it is not accepting claims yet. Star Newspapers Limited and/or its licensors. THIS NOTICE IS TO certain investors in the common shares and notes of Valeant Because this website is just a summary, you should review the Notice for additional details. To order The settlement must still be approved by a judge. presentation-ready copies of Toronto Star content for distribution A settlement may affect your legal rights.

3:15-cv-07658-MAS-LHG CLASS ACTION Judge Michael A. Shipp Magistrate Judge Lois H. Goodman Special Master Hon. In December 2019, Valeant Pharmaceuticals (NYSE: VRX), now Bausch Health Companies (NYSE: BHC) agreed to pay over $1.2 billion to settle a shareholder lawsuit over allegations of US securities law violations. Valeant Pharmaceuticals, which was briefly Canada’s most valuable company, ran up a staggering US$30 billion in debt — roughly three time its annual revenues — through a spate of acquisitions before its share price plunged on lawsuits and investigations. They also include, but are not limited to, risks and uncertainties caused by or relating to the evolving COVID-19 pandemic, and the fear of that pandemic and its potential effects, the severity, duration and future impact of which are highly uncertain and cannot be predicted, and which may have a material adverse impact on Bausch Health, including but not limited to its project development timelines, and costs (which may increase). Summary of the Action Bausch Health Resolves Canadian Securities Class Action, Payments to U.S. Health Care Professionals, Grants and Investigator-Initiated Studies, Payments to U.S. Health Care Professional, http://www.prnewswire.com/news-releases/bausch-health-resolves-canadian-securities-class-action-301106198.html. to colleagues, clients or customers, or inquire about "This Settlement, together with our U.S. securities class action settlement and recent successful resolution of the legacy SEC investigation, puts an end to several of the more significant legal matters from the Valeant era and enables us to continue to focus our attention on Bausch Health today and our future," said Joseph C. Papa, chairman and CEO of Bausch Health. It plans to use cash, credit and possibly the capital markets to pay the settlement, which totals $1.21 billion.

These forward-looking statements speak only as of the date hereof.

Once approved by the court, the settlement will resolve and discharge all class claims against the Company and the other defendants in the Action (the "Settlement").

Laval, Quebec H7L 4A8 The action filed in Quebec Superior Court in 2015 alleged violations of Canadian securities laws over a stock plunge that hit investors about five years ago. The Action, filed in the Quebec Superior Court in 2015, alleged violations of Canadian securities laws regarding substantively the same matters as in the U.S. securities class action, which the Company also successfully settled.

Bausch chairman and CEO Joseph Papa says the settlements and recent resolution of the legacy Securities and Exchange Commission investigations turn the page on legal problems and enables the company to focus on its current operations. The Quebec-based pharmaceutical company says the settlement resolves substantively the same matters as a U.S. securities class action that was settled last year for US$1.21 billion.

To order copies of permissions/licensing, please go to: www.TorontoStarReprints.com. This settlement is one of the larger shareholder lawsuit settlements in recent history. LAVAL, Que. The Canadian company said Monday that a settlement in the securities class action will resolve all claims against it. At the same time that Valeant was racking up huge debts from its acquisitions, it came under a harsh spotlight for its pricing policies and its executives became the focus of hostile congressional hearings. We are delivering on our commitments as we build an innovative company dedicated to advancing global health. Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star Readers are cautioned not to place undue reliance on any of these forward-looking statements.

al., Court File No.

This is a class action against Valeant Pharmaceuticals International, Inc., its officers and directors, auditor, and underwriters which alleges that the company and certain of the company’s senior officers failed to disclose Valeant’s relationship with Philidor Rx Services LLC. : 500-06-000783-163)) (the "Action") have agreed to resolve the Action for $94 million CAD (approximately $69 million USD), plus an additional amount for settlement administration costs, subject to court approval. All rights reserved.

View original content to download multimedia:http://www.prnewswire.com/news-releases/bausch-health-resolves-canadian-securities-class-action-301106198.html, Bausch Health Companies Inc. expressly prohibited without the prior written consent of Toronto Valeant last year decided to adopt the name of one of its acquisitions, the eye care products maker Bausch and Lomb. Top Class Actions will provide claim filing instructions as soon as they become available. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in the Bausch Health's most recent annual report on Form 10-K and detailed from time to time in Bausch Health's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators, which factors are incorporated herein by reference. 3:15-cv-07658-MAS-LHG. )) We develop, manufacture and market a range of pharmaceutical, medical device and over-the-counter products, primarily in the therapeutic areas of eye health, gastroenterology and dermatology. Company shares were trading in the $30 range Monday. Republication or distribution of this content is VALEANT PHARMACEUTICALS INTERNATIONAL INC. SECURITIES CLASS ACTION NOTICE OF AUTHORIZATION (CERTIFICATION) AND HEARING TO APPROVE PROPOSED SETTLEMENT WITH PRICEWATERHOUSECOOPERS LLP Read this notice carefully. As part of the Settlement, the Company and the other defendants admit no liability and deny all allegations of wrongdoing whatsoever. About Bausch HealthBausch Health Companies Inc. (NYSE/TSX: BHC) is a global company whose mission is to improve people's lives with our health care products. A settlement website is active after a $30 million settlement agreement in the Lumber Liquidators flooring class action lawsuit was preliminarily approved by a federal court on Dec. 18.. - Bausch Health Companies Inc. says it is ending significant legal matters from the Valeant era by agreeing to pay $94 million plus administration costs to resolve a Canadian securities class action.

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