Ex-National Lampoon CEO Settles Shareholder Suit

Law360, New York (January 18, 2012, 7:30 PM EST) -- The convicted former CEO of National Lampoon Inc. reached a $1 million settlement on Tuesday in a shareholder class action that claimed he artificially inflated the price of the media production company's stock and cost investors millions of dollars.

Daniel S. Laikin, who pled guilty to securities fraud in 2009 and is in the midst of a 45-month prison sentence, agreed to the shareholder payout, putting to rest securities fraud claims that have lingered for a year, according to settlement papers filed in California federal court....
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