Ex-Biovail Exec Can't Dodge SEC Fraud Suit

Law360, New York (March 18, 2010, 6:57 PM EDT) -- A federal judge on Thursday rejected a request by former Biovail Corp. controller John Miszuk to throw out the U.S. Securities and Exchange Commission's lawsuit accusing him of playing a role in hiding the Canadian pharmaceutical company's losses from investors between 2001 and 2003.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York denied Miszuk's motion for summary judgment, ruling that enough genuine issues of fact existed to keep the case moving forward.

According to the SEC's complaint, Biovail...
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