sec whistleblower attorneys
September 28, 2018
Adam Derbyshire
Financial Fraud
SANCTION AMOUNT: $1053370
Defendants: Adam Derbyshire
The former CFO of North Carolina-based Salix Pharmaceuticals Ltd. agreed to settle charges that he played a direct role in repeatedly misleading analysts and investors about the company's future prospects. The company allegedly was channel-stuffing, but significantly understated the amount of Salix drugs that wholesaler customers held in inventory.
- Key Docs
- Official SEC press release
