"SIRF reporting reveals that Valeant has been closely involved with Philidor at every stage of its life-cycle, controlling it in all but name, since day one."
The key is "all but name". If I'm Andy Davenport, Philidor's CEO, I immediately get together with my brother Matthew Davenport, also mentioned in your link, to get my story straight. Because it is their name on all the documents.
Sarbox has put a damper on the Sgt. Schultz defense of "I hear nothing, I see nothing, I know nothing!". CEOs can go to jail even if they claim they were just ignorant figureheads.
So if I'm the Davenports I immediately go to the Federales and cut a deal. I rat out Mike Pearson (Valeant's CEO) and claim that he put them up to it. Note that its in the Davenport brothers interest to lie and make up shit if they have to, because that's probably their best way they avoid Club Fed (or worse).
Like I said, this could get interesting pretty quickly.
Sarbox has put a damper on the Sgt. Schultz defense of "I hear nothing, I see nothing, I know nothing!". CEOs can go to jail even if they claim they were just ignorant figureheads.
So if I'm the Davenports I immediately go to the Federales and cut a deal. I rat out Mike Pearson (Valeant's CEO) and claim that he put them up to it. Note that its in the Davenport brothers interest to lie and make up shit if they have to, because that's probably their best way they avoid Club Fed (or worse).
Like I said, this could get interesting pretty quickly.