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  "documentTitle": "Pershing Square | Activist Presentation Deck | 39 slides",
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  "authorName": "Pershing Square Capital Management, L.P.",
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  "presentationDate": "2014-09-01 00:00:00",
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  "notes": "Uses a timeline-annotated line chart to frame market volatility as a reaction to misinformation.",
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      "kind": "chart",
      "text": "Valeant Share Price – 9/1/15 to 10/29/15",
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      "text": "Pershing Square's Perspectives on Key Topics",
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      "kind": "paragraph",
      "text": "C Citron Report: Claim that VRX “stuffed the channel” and falsely recognized revenue is verifiably false. Accounting for sales to Philidor is more conservative than accounting rules applied for sales made to “traditional” distributors.",
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      "kind": "paragraph",
      "text": "D Specialty Pharmacies / Philidor: Increasingly important distribution channel for the industry. Lack of early disclosure and details regarding VRX’s relationship with Philidor created uncertainty. Facts continue to evolve.",
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      "text": "Note: The performance of Valeant’s share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. Source: Bloomberg.",
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      "text": "Valeant: Recent Events (cont'd)",
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