Ackman looks to persuade judge $290M Allergan settlement is fair

Source: New York Post

Bill Ackman is going to try and hold onto a little cash on Tuesday. Lawyers for the embattled hedgie will appear before a federal judge in Los Angeles in an attempt to persuade him the $290 million settlement with Allergan shareholders is fair, according to a report in the New York Post.

Earlier this month, Judge David O. Carter called into question whether the deal was fair. Ackman’s Pershing Square hedge fund is on the hook for $194 million of the settlement.

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