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TORONTO, July 16, 2008 /PRNewswire/ - Eugene Melnyk and EM Holdings B. V.(The "Concerned Shareholders") said today that they were pleased with the decision of the Ontario Superior Court of Justice released this morning. The Court denied the application brought by Biovail Corporation and its CEO, William Wells, for an order validating the election of the board of directors at the shareholder meeting convened on June 25, 2008. Further, the Court determined that the Biovail Annual General Meeting was improperly constituted and must be re-convened in order to allow for the election of directors at a meeting complying with corporate law and the company's by-laws."Biovail's AGM was not properly constituted and there was no quorum present, as the court recognized," stated Mr. players online gambling muslims in australia and gambling free ppc casino casino online-players bookmaker-online