1. Valeant's Largest Shareholder: 'It hurts'

    Valeant's Largest Shareholder: 'It hurts'

    Sequoia Fund, the large mutual fund managed by Robert Goldfarb and David Poppe, has posted a letter on the homepage of its website defending its massive investment in Valeant Pharmaceuticals.  Shares of the Canadian drug company have collapsed since last Wednesday. That is when Citron Research, the short-selling firm run by Andrew Left, published a report asking whether Valeant was operating an Enron-like fraud.  Valeant's share price has declined by more than 40% since the report came out...

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