Health and Fitness Health and Fitness
Mon, October 4, 2010
Sun, October 3, 2010
Fri, October 1, 2010

OSC FINDS EUGENE MELNYK DID NOT CONTRAVENE ONTARIO SECURITIES LAW


Published on 2010-10-01 05:36:27 - Market Wire
  Print publication without navigation


Eugene Melnyk comments on decision issued yesterday in the Biovail Corporation (NYSE/TSX: BVF) case by the Ontario Securities Commission:

TORONTO, Oct. 1 /CNW/ - "The Commission's decision relates primarily to an earnings warning issued by Biovail in October 2003. I am pleased that the Commission found that Biovail acted appropriately in issuing an earnings warning and that numerous aspects of that earnings warning were accurate. I am also pleased with the Commission's finding that I did not contravene Ontario securities law at any time.

I am considering my position in respect of the Commission's remaining public interest findings."

Contributing Sources