Mealey's (March 21, 2018, 10:08 AM EDT) -- SANTA ANA, Calif. — A federal judge in California on March 19 granted preliminary approval to settlements totaling $290 million in a pair of related securities class actions alleging an insider-trading and front-running scheme regarding pharmaceutical company Valeant Pharmaceuticals International Inc.’s attempt at a hostile takeover of Allergan Inc. (Anthony Basile, et al. v. Valeant Pharmaceuticals International Inc., et al., No. 14-2004, C.D. Calif., and Timber Hill LLC v. Pershing Square Capital Management, No. 17-4776, C.D. Calif.)....