New Data Confirms Valeant's Undisclosed SEC Investigation

Probes Reporter followed up with a new research report over the weekend.

Probes Reporter stated that it received an update from the SEC that confirms Valeant's involvement in an ongoing enforcement proceedings, which remain undisclosed. The investigation "somehow pertains to the conduct, transactions, and/or disclosures of Valeant Pharmaceuticals."

The report added that the ongoing proceedings "likely started last fall and absolutely should have been disclosed by now."

"The continued silence raises troubling questions about the overall quality of Valeant's disclosures and the integrity of the management team that produces them," Probes Reporter further argued in its report.