In re aaiPharma Inc. Securities Litigation

Settled: August 30, 2006

In this ERISA case, we obtained a $1.05 million settlement.


In In re aaiPharma Inc. Securities Litigation., Master File No: 7:04-CV-27-D, Labaton Sucharow as lead counsel filed an ERISA complaint, alleging Defendants failed to comply with their duties to review, evaluate and monitor the suitability of the Company's retirement plan's investment in aaiPharma stock and failed to provide accurate material information to the plan's participants. The parties entered into a $1.05 million settlement which was approved by the Court on August 30, 2006.