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Bausch Health Faces Class Action Lawsuit
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Overview
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A shareholder has filed a class action lawsuit against Bausch Health Companies Inc. (BHC) alleging misleading statements about a spin-off of Bausch Lomb Corporation (B+L) to avoid paying damages for previous fraudulent activity. Shareholders must act as lead plaintiff by September 25, 2023.
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How might the outcome of this class action lawsuit impact Bausch Health's reputation and financial standing?
How might this lawsuit influence investor trust in other companies engaging in similar practices?
What measures can companies take to avoid similar misleading statements in the future?
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