Why is SUN accruing $200M for a settlement in the US ?

Disclosed in Economic Times article published in December.

“Investors irked at the lack of disclosure at Sun Pharma” - Google this article!

I was shocked to see about a $500M unsecured loan from Taro to shore up the Sun financials, integrity issues, regulatory actions, engaging with barred security traders, loans that are sketchy, this article is amazing !

 

Could it be that someone blew the whistle and the OIG is making Sun pay up ?

 

That is fake news. Look at the google tag on it. People use those sites to write gags and email them to friends for birthday and important occasions. Btw whoever wrote it must have failed tenth grade English.

 

That is fake news. Look at the google tag on it. People use those sites to write gags and email them to friends for birthday and important occasions. Btw whoever wrote it must have failed tenth grade English.

 

This is silly . Sun paid itself $500 mil dividend from Taro cash. Sun owns 75% of Taro and it paid itself a dividend in Dec. there is no loan. It is legitimate money!!!

 

‘Sun was forced to ask Taro for a $500 million special dividend to strengthen its non-Taro balance sheet’

That’s the quote, it’s not looked upon favorably by investors at all and suggests financial issues for Sun.