judge's decision potentially allowing ackman to vote in allergan fight

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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA SOUTHERN DIVISION ALLERGAN, INC., et al., Plaintiffs, vs. VALEANT PHARMACEUTICALS INTERNATIONAL, INC., et al. Defendants. ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Case No.: SACV 14-1214 DOC(ANx) ORDER GRANTING IN PART MOTION FOR PRELIMINARY INJUNCTION [160] Before the Court is Plaintiffs’ Motion for Preliminary Injunction (“Motion” or “Mot.”) (Dkt. 160). After reviewing the papers and considering the arguments at the hearing on the Motion, the Court GRANTS IN PART the Motion. I. Background This case arises from a live battle for corporate control that has spilled over into the courts. In February 2014, Canadian-based pharmaceutical company Valeant and hedge fund management company Pershing Square teamed up to help Valeant pursue a combination with Irvine-based pharmaceutical company Allergan. 1  Between February and April, Pershing Square acquired 9.7% of Allergan’s shares. In June 2014, Valeant publicly announced a tender offer for Allergan shares after Allergan’s board of directors had rebuffed an unsolicited merger proposal. 1  The Court refers to Defendants Valeant Pharmaceuticals International, Inc., Valeant Pharmaceuticals International, and AGMS, Inc. as “Valeant,” and to Defendants Pershing Square Capital Management, LP, PS Management, GP, LLC, and William A. Ackman as “Pershing Square.” For clarity, Defendant PS Fund 1 will be referred to separately. -1- Case 8:14-cv-01214-DOC-AN Document 234 Filed 11/04/14 Page 1 of 30 Page ID #:12993

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8/10/2019 Judge's Decision Potentially Allowing Ackman to Vote in Allergan Fight

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8/10/2019 Judge's Decision Potentially Allowing Ackman to Vote in Allergan Fight

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8/10/2019 Judge's Decision Potentially Allowing Ackman to Vote in Allergan Fight

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