All Posts Tagged With: "fraudulent accounting"
Biovail Settles with SEC. Three Executives Still under Investigation.
The U.S. Securities and Exchange Commission said on Monday that Canada’s Biovail Corp. will pay $10 million to settle fines stemming from a probe into fraudulent accounting.
The SEC said current and former senior Biovail executives were obsessed with meeting quarterly and annual targets, and they overstated earnings and hid losses to deceive investors.
The SEC [...]
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24Mar2008 | PharmaWatchDog | 1 comment | Continued
