NEW YORK – Florida Attorney General Pamela Bondi’s younger
brother has recently landed a job with New York City law firm Cahill Gordon
Bradley Bondi, who previously worked for Cadwalader,
Wickersham & Taft as lead litigator in its securities enforcement and
investigation group, currently works as a “senior adviser to boards of
directors, audit committees, special committees, public companies, financial
institutions, and officers and directors in civil and criminal matters
concerning securities and financial laws, crisis management, anti-corruption
and business laws worldwide”, according to Cahill’s website.
Prior to leaving Cadwalader, Bondi was involved in
defending pharmaceutical giant Valeant’s Salix unit, accused of paying illegal
kickbacks to doctors who prescribed seven of its products (Apriso, Deflux,
MoviPrep, OsmoPrep, Relistor, Solesta and Xifaxan), prompting thousands of
fraud claims. Salix was found guilty of violating the U.S. False Claims Act in
suits filed by physician Steven Peikin and four former Salix employees, forcing
Valeant to pay damages of $54 million.
On Oct. 25, Valeant’s vice president and general
counsel, Christina Ackermann, told the American
Lawyer that her company was in the process of “transitioning its securities
litigation to Bradley Bondi” at Cahill. The move occurs despite Cadwalader’s prior work
in the sale of Salix to Valeant for $10.1 billion.
Kimberly Brooks, communications manager for Cadwalader,
was contacted by the Florida Record
to comment on the exit of such a prominent client. In a statement from
Ackermann delivered via email, the Valeant VP said, “In an effort to create
efficiencies in the ongoing Salix litigation and SEC investigation, and in
order to leverage the historical knowledge and expertise, we moved the two
matters to one firm, Cahill, and to the attorney (Bradley Bondi) with the
deepest knowledge of the subject matter.
Cahill Gordon & Reindel has a strong securities litigation practice,
and is well placed to manage complex litigations and investigations. We are confident we are well represented by
Mr. Bondi and the Cahill team.”