BERGER MONTAGUE (CANADA) PC BECOMES CLASS COUNSEL FOR SHAREHOLDER AGAINST BAUSCH HEALTH COMPANIES, INC.

Toronto, Ontario–Berger Montague, a national plaintiffs’ law firm, is pleased to announce that it has been identified as Class Counsel Lead Counsel in a proposed class action arising out of Bausch Health Companies, Inc. (“BHC”) negligent representations about its financial exposures and risks associated with the size of the litigation against by institutional investors that opted-out of the Valeant Pharmaceuticals International, Inc. (n/k/a, Bausch Health Companies, Inc.) shareholder class actions. On April 3, 2023, and May 2, 2024, BHC was forced to disclose that the opt-out litigation survived a motion to dismiss and its motion for summary judgment was largely denied resulting in the share price dropping greater than 20%. 

Berger Montague remains at the forefront of Canadian shareholder litigation. “With a dual licensed lawyers between Canada and the United States, we can identify the shareholder actions with merit and advance them in a straightforward manner for Canadian investors.  This action is straightforward and easy understand, the institutional investors that opted-out of the Valeant shareholder class actions are some of the most well-known and proactive institutional investors in the world; and some of them have damage claims for greater than $200 million each with combined damage claims being greater than $4 billion.  Having just settled the Valeant class actions and related SEC investigation for over $1 billion, it is obvious that investors would want to the financial risk to BHC prior to investing,” said Andrew Morganti, a member of Berger Montague (Canada) PC.

Berger Montague’s team is led by Mr. Morganti, Albert Pelletier, and Vince DeMarco.

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. The firm is active in the fields of antitrust, commercial litigation, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For more than 50 years, Berger Montague has played lead roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, Washington, D.C., and Wilmington, DE.