| | Claiming Stock Manipulation, Biovail Sues Hedge Fund - New York Times (Site not responding. Last check: 2007-10-09) |
 | | The Biovail Corporation, a Canadian pharmaceutical company, has sued SAC Capital Management, one of the most powerful hedge funds on Wall Street, accusing it of colluding with independent research providers to issue misleading reports to drive down the price of Biovail's stock. |
 | | Biovail, however, sees another force behind the decline in the stock: it accuses the hedge funds of conspiring with proclaimed "independent" research providers to create reports with the express purpose of battering its stock price. |
 | | Biovail also accuses Camelback of holding up the release of its reports to allow clients to build meaningful positions in stocks to maximize the benefit of the negative impact from the report and contends that the research firm misrepresented to clients that it did not manage money. |
| www.nytimes.com /2006/02/23/business/23hedge.html?ex=1298350800&en=06328bf1e26e66cf&ei=5088&partner=rssnyt&emc=rss (935 words) |