ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) executed a Restitution Agreement with John Littleton, a former vice president in sales. Pursuant to the Agreement Mr. Littleton agreed to pay the Company $1,600,000 for payments made to Mr. Littleton and others that were, from the Company’s perspective, improperly paid to Mr. Littleton or parties related to him as expense or fee reimbursements relating to a) recruiting fees for new hires paid to parties with an undisclosed relationship to Mr. Littleton in violation of the Company’s policies and b) reimbursement to Mr. Littleton and others of improperly or insufficiently documented expenses, also in violation of the Company’s policies.
