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

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