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Biovail Announces Dismissal of Securities Litigation
BioVail Corporation, 05/12/09
Biovail Corporation announced that, on May 2009, the United States District Court for the Southern District of New York issued a decision dismissing with prejudice a purported securities fraud lawsuit against Biovail and several of its present and former officers and directors. The complaint related to statements alleged to have been made by the Company and by certain officers in respect of Aplenzin during the product's U.S. regulatory approval process.
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