Here's your Big Shorting guys in the USA
Biovail sues for $4.6-billion in stock pump "scheme"
2006-02-22 16:31 ET - News Release
Shares issued 159,648,096
BVF Close 2006-02-22 C$ 29.44
Mr. Duncan Fulton reports
BIOVAIL FILES LAWSUIT ALLEGING STOCK MARKET MANIPULATION SCHEME
Biovail Corp. filed a lawsuit on Feb. 22, seeking $4.6-billion in damages from 22 defendants who, the complaint alleges, participated in a stock market manipulation scheme.
The complaint, filed in Superior Court, Essex county, New Jersey, alleges violations of various state laws, including the New Jersey Racketeer Influenced and Corrupt Organizations Act (RICO), pursuant to which treble damages may be available.
Defendants include S.A.C. Capital Management LLC, S.A.C. Capital Advisors LLC, S.A.C. Capital Associates LLC, S.A.C. Healthco Funds LLC, Sigma Capital Management LLC, Steven A. Cohen, Arthur Cohen, Joseph Healey, Timothy McCarthy, David Maris, Gradient Analytics Inc., Camelback Research Alliance Inc., James Carr Bettis, Donn Vickrey, Pinnacle Investment Advisors LLC, Helios Equity Fund LLC, Hallmark Funds, Gerson Lehrman Group, Gerson Lehrman Group Brokerage Services LLC, Thomas Lehrman, Patrick Duff and James Lyle.
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