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Wednesday, 01 June 2016

Stevie Cohen scores a Biovail win for all shorts

Short changed

Blaming the bears is a tempting, diversionary tactic for companies under pressure. But Biovail s frivolous suit against fund heavyweight SAC backfired. Companies that use the courts to attack skeptics deserve a caning. If anything, Biovail s $10 mln penalty may even be too light.

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