Valeant is Sued Over Philidor Ties, Alleged Racketeering

Published: Aug 30, 2016

Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) was sued on Monday by buyers of its drugs, who accused the Canadian company of racketeering by forcing them to pay exorbitant prices.

The proposed class-action complaint was filed in the U.S. District Court in Manhattan on behalf of unionized New York City police detectives and hotel workers, regarding Valeant's ties to the now defunct specialty pharmacy Philidor RX Services LLC.

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