Ackman pays $194M to settle suit with 'absolutely no merit'

Bill Ackman said he's shelling out $194 million to settle a three-year-old lawsuit -- even as he insisted the case against him has "absolutely no merit." The billionaire investor revealed Friday his hedge fund Pershing Square Capital will pay the eye-popping sum to settle lawsuits related to its controversial investment in Botox maker Allergan, which...