1. Judge Sides Against Ackman and Valeant in Preliminary Allergan Ruling

    Judge Sides Against Ackman and Valeant in Preliminary Allergan Ruling

    A preliminary ruling from a federal judge against William Ackman, his hedge fund and Valeant Pharmaceuticals International Inc. in an insider-trading case could trigger a settlement between the activist investor and shareholders of Allergan PLC. In recent days, Mr. Ackman, his partners and the plaintiffs have been back in touch with the mediator in the matter, according to people familiar with the matter. There are several parties who would have to agree to any deal...

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