Pershing Square Activist Presentation Deck
Recent Facts Discredit R&O's Narrative
► R&O / Russell Reitz's lawsuit against Valeant creates the impression that R&O was
not aware of Valeant's relationship with Philidor / Isolani
R&O Pharmacy LLC Complaint for Declaratory Judgment:
On September 4, 2015, R&O received a letter from Robert Chai-Onn, Valeant's
Executive Vice President, Chief Legal Officer and General Counsel. In the letter,
which was the first correspondence that R&O had ever received directly from Valeant,
Mr. Chai-Onn claimed that R&O, a small licensed California pharmacy, owed Valeant
over $69,000,000. However, R&O has never received a single invoice from Valeant in
any amount and until September 4 had never received a single demand for payment
from Valeant. R&O has requested copies of the invoices, but to no avail. Indeed, it
seems that Valeant has no evidence whatsoever to back up its claims.
Therefore, R&O believes that one of two things must be true:
Valeant and R&O are victims of a massive fraud perpetuated by third
parties; or
Valeant is conspiring with other persons or entities to perpetuate a massive
fraud against R&O and others.
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