Copyright owned or licensed by Toronto Star Newspapers Limited. The CEO who led the buying spree was ousted in 2016 as the value of the company evaporated. al., Court File No. Use of this site signifies your agreement to the Legal Notice and Privacy Policy. Bausch chairman and CEO Joseph Papa says the settlements and recent resolution of the legacy Securities and Exchange Commission investigations turn the page on legal problems and enables the company to focus on its current operations. - Bausch Health Companies Inc. says it is ending significant legal matters from the Valeant era by agreeing to pay $94 million plus administration costs to resolve a Canadian securities class action. Bausch Health Companies Inc. is taking another step to distance itself from the toxic past of its Valeant era, announcing a US$1.21-billion settlement in a class action lawsuit. These forward-looking statements speak only as of the date hereof. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in the Bausch Health's most recent annual report on Form 10-K and detailed from time to time in Bausch Health's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators, which factors are incorporated herein by reference. Laval, Quebec H7L 4A8 We develop, manufacture and market a range of pharmaceutical, medical device and over-the-counter products, primarily in the therapeutic areas of eye health, gastroenterology and dermatology. All The class members in the proposed class action against Valeant Pharmaceuticals International, Inc., now known as Bausch Health Companies Inc., and others, commenced in Ontario by Strosberg Sasso Sutts LLP are now members of the Valeant Canadian Class that was authorized (certified) by order of Justice Chatelin of the Superior Court of Quebec on August 29, 2017. The information contained on this website is only a summary of the information presented in more detail in the approved Notice of Settlement of Class Action. The Canadian company said Monday that a settlement in the securities class action will resolve all claims against it. Bausch Health, once known as Valeant Pharmaceuticals, will pay more than $1 billion to settle litigation over a stock plunge that investors suffered after the compnay became the poster child of drug company price gouging several years ago. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. While the website is live, it is not accepting claims yet. Top Class Actions will provide claim filing instructions as soon as they become available. They also include, but are not limited to, risks and uncertainties caused by or relating to the evolving COVID-19 pandemic, and the fear of that pandemic and its potential effects, the severity, duration and future impact of which are highly uncertain and cannot be predicted, and which may have a material adverse impact on Bausch Health, including but not limited to its project development timelines, and costs (which may increase). Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star : 500-06-000783-163)) (the "Action") have agreed to resolve the Action for $94 million CAD (approximately $69 million USD), plus an additional amount for settlement administration costs, subject to court approval. (Ret.) The Canadian company said Monday that a settlement in the securities class action will resolve all claims against it. View original content to download multimedia:http://www.prnewswire.com/news-releases/bausch-health-resolves-canadian-securities-class-action-301106198.html, Bausch Health Companies Inc. ) ) ) ) ) ) Master No. As part of the settlement, the company and the other defendants admit no liability and deny all allegations of wrongdoing. 3:15-cv-07658-MAS-LHG. )) Forward-looking Statements This news release may contain forward-looking statements, which may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. Bausch and Lomb 1.21 billion 5, 2020 the Legal Notice and Privacy Policy use only of! For additional details the other defendants admit no liability and deny all of. Republication or distribution of this site signifies your agreement to the Legal Notice and Privacy Policy shares were in. 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