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Fraud Claims Against aaiPharma Auditor Jettisoned

Law360 (November 12, 2007, 12:00 AM EST) -- The last of the aaiPharma Inc. shareholder litigation has wrapped up now that Ernst & Young LLP has been granted its bid for dismissal from the suit.

Judge James Denver III tossed the auditor from the mostly settled suit last Tuesday, almost three years after the firm was named as a defendant in the amended class action in eastern North Carolina and almost two years after it asked to be dismissed. He didn't allow the plaintiffs, led by SEIU Pension Plans Master Trust, to amend their...
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