Ackman

Bill Ackman’s Insider Trading Lawsuit May Cost Pershing Square Investors $75 Million

Heads I win, tails you lose… and then you lose some more. That seems to be the story surrounding Bill Ackman’s disastrous near $4 billion loss in Valeant Pharmaceuticals. Ackman’s pharmaceutical foray is mostly over after his hedge fund Pershing Square dumped all of its Valeant shares in mid-March at $11 apiece, or an over 90% loss, cementing one of Wall Street’s biggest-ever investment …


Sued for Wage Theft: More Headaches for Chipotle (CMG)

Just when you thought Chipotle Mexican Grill Inc (CMG) might be getting back on track, a politician calls for an investigation into allegations of wage theft by the restaurant. Rosa DeLauro, a Democratic representative from Connecticut, is trying to convince the U.S. Labor Department to investigate Chipotle after a class-action lawsuit was filed in Colorado. The lawsuit claims Chipotle …