Newspaper article The Canadian Press

Ex-Valeant Executive Found Guilty in Multi-Million-Dollar Kickback Scheme

Newspaper article The Canadian Press

Ex-Valeant Executive Found Guilty in Multi-Million-Dollar Kickback Scheme

Article excerpt

Ex-Valeant exec guilty in kickback scheme

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LAVAL, Que. - A former Valeant Pharmaceuticals International Inc. executive and the former CEO of Philidor RX Services LLC were found guilty of engaging in a multimillion-dollar kickback scheme by a jury in a U.S. court today.

The U.S. Attorney's office for the southern district of New York says in a statement that a jury convicted Gary Tanner, former Valeant executive, and Andrew Davenport, former Philidor CEO, on four counts related to the scheme after a four-week trial.

Three of the charges carry a maximum penalty of up to 20 years in prison and one a maximum of five, though the judge has yet to sentence the defendants.

The pair was accused of arranging a $9.7-million kickback to Tanner from $133 million Quebec-based Valeant was going to pay the owners of Philidor for the option to purchase the mail-order pharmacy. …

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