More hedgie and analysts shenanigans???
Biovail Files Lawsuit Alleging Stock Market Manipulation Scheme
Wednesday February 22, 4:15 pm ET
TORONTO--(BUSINESS WIRE)--Feb. 22, 2006--Biovail Corporation (NYSE:BVF - News; TSX:BVF - News) today filed a lawsuit 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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