PRINCETON, N.J.--(BUSINESS WIRE)--PharmaNet Development Group, Inc. (NASDAQ: PDGI), (“Company”), today announced that it has entered into an Agreement to Settle Class Action (“Agreement”) for the 2005 shareholder securities class action lawsuit. “We are pleased to have reached this significant milestone towards the conclusion of the securities class action litigation. We look forward to having this matter behind us as we continue to focus on the future opportunities for our business,” commented Jeffrey P. McMullen, president and chief executive officer.
