Valeant may be on the verge of a technical default as its lender demand not one but two pounds of flesh, it may be suffering imploding sales, it may have fired the entire salesforce for the female libido drug Addyi (which it acquired late last year), and it may be trying to pin all of its allegedly criminal book-cooking on its former CFO (who used to be a fromer head Goldman banker), the same CFO who refuses to resign from Valeant’s board even though Valeant clearly wants him gone, but at least minutes ago, an ad hoc committee from Valeant’s board (yes the same board where the former scapegoated CFO is still present) has decided that upon reviewing its company, it has found nothingelse that was glaringly criminal, and will therefore no restate results any further, and intends to file a 10K on or before April 29, 2016.
From the release:
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