Pershing Square and Valeant Agree to Split Legal Costs

(New York Post) Bill Ackman’s Pershing Square and Valeant Pharmaceuticals have reached an agreement to evenly split legal costs in their nearly two-year long battle against Allergan shareholders…..Under the agreement, filed with the Securities and Exchange Commission on Monday, Valeant will pay 60 percent of any settlement cost, with Pershing paying the rest.

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