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Probes Reporter followed up with a new research report over the weekend.
Related Link: Valeant Has Risk Of New Undisclosed SEC Probe, Report SaysProbes Reporter stated that it received an update from the SEC that confirms Valeant's involvement in an ongoing enforcement proceedings, which remain undisclosed. The investigation "somehow pertains to the conduct, transactions, and/or disclosures of Valeant Pharmaceuticals."
The report added that the ongoing proceedings "likely started last fall and absolutely should have been disclosed by now."
"The continued silence raises troubling questions about the overall quality of Valeant's disclosures and the integrity of the management team that produces them," Probes Reporter further argued in its report.
Shares of Valeant were trading lower by more than 8.78 percent on Monday after the company issued a business update over the weekend, including withdrawing its guidance and postponing a scheduled conference call to discuss its outlook.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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