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PharmaNet Agrees To $28.5M Securities Settlement

By Ben James ( August 2, 2007, 12:00 AM EDT) -- Drug development services company PharmaNet Development Group Inc.—formerly known as SFBC International Inc.—has agreed to settle consolidated shareholder derivative litigation that related allegations of rampant nepotism, unethical clinical testing practices and unsafe conditions at the company's flagship testing facility....

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