News & Events

News Release

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

October 1, 2010


OSC Statement in the Matter of Biovail Corporation and Eugene N. Melnyk


TORONTO – The following statement was issued today with respect to the decision in the matter of Biovail Corporation and Eugene N. Melnyk by Tom Atkinson, Director of Enforcement at the Ontario Securities Commission (OSC):

“The decision speaks for itself. Mr. Melnyk was found not to have contravened Ontario securities law but his conduct was found to be contrary to the public interest. Within 30 days, a sanctions hearing will be set.”


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For Media Inquiries: Wendy Dey
Director, Communications & Public Affairs
416-593-8120

Theresa Ebden
Senior Communications Specialist
416-593-8307

Robert Merrick
Senior Communications Specialist
416-593-2315

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416-593-8314
1-877-785-1555 (Toll Free)