FBI Raid

Update 2:55 p.m.: An FBI spokesperson confirmed agents are still "lawfullly present" on-site "conducting law enforcement activities." The FBI raided the offices of the Grapevine, Texas-based United Development Funding IV (NASDAQ: UDF) Thursday afternoon, according to NBC....

Shares of Valeant Pharmaceuticals Intl Inc (NYSE: VRX) sold off shortly after 1:30 p.m. ET on Monday. Investors were likely reacting to unconfirmed reports that the FBI raided Valeant's New Jersey offices. Valeant's stock has since recovered after the FBI confirmed the reports...