Milan Panic

Valeant Pharmaceuticals International sued its former chairman for allegedly accepting unwarranted bonuses. In 2002, Panic was forced to resign after taking more than $33 million in bonuses for his role in the spin off of a business division. Panic agreed to pay Valeant a $20 million settlement. As a result of the settlement, shares of Valeant went from $1.14 to $18.51 in one day. (Aug-04-06) [LOS ANGELES TIMES]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.