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Violation Tracker Individual Record

Company: Biovail Corporation
Current Parent Company: Bausch Health
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $10,000,000
Year: 2008
Date: March 24, 2008
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Biovail Corporation agreed to pay $10 million to settle allegations of engaging in a number of fraudulent accounting schemes and making a series of misstatements to analysts and investors.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Canada
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.