Another AIPC Exec Strikes Deal In SEC Fraud Suit

Law360, New York (January 28, 2011, 12:07 PM EST) -- Another former American Italian Pasta Co. executive has settled with the U.S. Securities and Exchange Commission over a scheme to boost the pasta maker's stock price, which already netted guilty pleas from other company leaders.

Judge Gary A. Fenner signed off on a consent judgment for David E. Watson in the U.S. District Court for the Western District of Missouri on Friday, clearing the way for the alleged fraudster to cough up more than $660,000 to settle the SEC's claims against him.

Watson also agreed to...
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