ACADIA Pharmaceuticals Inc (ACAD) Message Board

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Biotech / Medical : ACADIA Pharmaceuticals Inc (ACAD)

ACAD 22.31

+2.2%

3:59 PM EST

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To: scaram(o)uche who wrote (328)	9/12/2006 5:27:33 PM
From: dr.praveen	Read Replies (4) of 588

I didn't know about this... tinyurl.com Form 8-K for ACADIA PHARMACEUTICALS INC 8-Sep-2006 Other Events Item 8.01. Other Events. On September 1, 2006, ACADIA Pharmaceuticals Inc. ("ACADIA") and the other parties to the previously disclosed civil action filed by a former employee entered into a settlement agreement. As previously disclosed, in connection with the jury verdict in this civil action, ACADIA had recorded an accrued loss from litigation totaling $9.1 million as of June 30, 2006, which included the amount awarded for damages and plaintiff's fees and costs, plus accrued interest on those awards. To fully settle the litigation inclusive of all fees and costs, pursuant to the agreement, ACADIA will make aggregate payments of $5.15 million, of which approximately $2.4 million will be covered by ACADIA's employment practices liability insurance.

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