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Company: Biovail Corporation

Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake: Settlement Administrator Website

Address to submit paper claim:

In re Biovail Corporation Securities Litigation

c/o Complete Claim Solutions, LLC, Claims Administrator
P.O. Box 24640
West Palm Beach, FL 33416

Phone Number for Assistance: 877-465-5582

 

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Details: Anyone who purchased Biovail stock from 2/7/2003 – 3/2/2004 can participate. No set reward so you won’t know how much you’ll be paid until AFTER the settlement closes. It appears that the payment will be made via their insurance, but it’s not set yet. You can check the Notice (page 12) for more information. You’ll need to send in a brokerage statement or other proof that you PURCHASED the stock during the specific time frame listed below. If you owned the stock during the time frame, you don’t qualify. Only those who purchased stock during the time frame listed qualify to participate in the settlement.

Purchased From: 2/7/2003 – 3/2/2004

Claims Accepted Until (YOU MUST SUBMIT YOUR CLAIM BY THIS DATE!): Postmarked by September 8th, 2008

Class Action Lawsuit Settlement Amount(s): $138,000,000 to be split among the claimants minus 16.1% ($22,218,000) in attorney fees.

TCA Staff Tidbit: This is pretty cut and dry. If you bought Biovail stock during the window, participate and get SOMETHING. It may only be a few bucks a share, but it could add up to be a few thousand depending on the number of claimants.

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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.