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This settlement is closed!
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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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