RE: History Diyodt, I think you need to dig deeper before you post sensational allegations like this one. Here is the staff work that took three minutes on Google which says Wells and Gubitz were not sued by the SEC. They were not involved in the issue. They joined Biovail in 2006-2008. The March 24, 2008 SEC lawsuit related to events in 2001-2003.
The SEC lawsuit is found at www.sec.gov/litigation/litreleases/2008/lr20506.htm
The SEC sued Melnyk, Crombie, Miszuk and Howling. "The Commission's complaint alleges that in October 2003 Biovail and some of its executives schemed to deceive investors and analysts by falsely attributing nearly half of Biovail's failure to meet its third quarter 2003 earnings guidance to a truck accident ..." "The Commissions complaint also alleges three accounting schemes that affected reporting periods from 2001 to 2003."
According to Linkedin today, Mr. Gubitz joined Biovail in 2006. Mr. Wells joined Biovail in May 2008.
Diyodt, this is not typical of your posts. Please be more careful. Thanks.