12:13 PM EST - Biovail Corp. : the US Securities and Exchange Commission charged Canada's Biovail Corp., two current senior executives and former Chief Executive Eugene Melnyk with engaging in a number of fraudulent accounting schemes, the agency said on Monday. Biovail will pay a $10 million penalty to settle the SEC charges, the agency said. Biovail Corp.
shares T.BVF are trading off 52 cents at $11.26.
