Former aaiPharma Execs Settle For $7.6M

Law360, New York (October 5, 2007, 12:00 AM EDT) -- A federal judge in North Carolina has signed off on a $7.6 million settlement agreement that will resolve claims against four former executives of aaiPharma Inc. brought by a class that alleged the executives released misleading information that caused investors to pay too much for the company's stock.

U.S. District Judge James C. Dever on Tuesday entered an order certifying a class for settlement purposes, holding the settlement was fair and reasonable and dismissing the case against the settling defendants: ex-chief Executive Phillip Tabbiner, founder and...
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