The AIT Laboratories Employee Stock Ownership Plan stands torecover an additional $3.47 million in a settlement reached betweenthe Department of Labor’s Employee Benefits Security Administrationand the plan’s trustee, PBI Bank Inc., and Michael Evans, chiefexecutive officer of AIT Laboratories.

The settlement comes on the heels of two others that, togetherwith the latest agreement, total approximately $7.1 million.

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