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Allergan shareholders reach USD290m settlement with Valeant Pharmaceuticals and Bill Ackman's Pershing Square over insider trading claims? 

Lawyers representing shareholders of Allergan Inc have settled a lawsuit resolving insider trading claims against Valeant Pharmaceuticals International, Bill Ackman and his Pershing Square family of hedge funds stemming from Valeant's 2014 attempt to takeover Allergan.

In settling the claims, Valeant and Pershing Square agreed to jointly pay a total of USD290 million for all involved investors.

The settlement reached last week resolves both the certified stockholder class action,

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