In addition to the personnel news, today's press release and Form 8-K provide some insight into Valeant's accounting troubles. These troubles are ... honestly they do not seem like Valeant's main problem? Except indirectly, since if Valeant can't figure out its accounting and file its annual report by late April, it will be in default under its credit facility, and its creditors are getting nervous. The accounting problems are certainly strange, though.
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