Former employee alleged Milan Panic demanded sex. Settlement terms not disclosed.
Firm refuses comment.
The settlement comes less than three years after Panic and the company settled another case in which a former female employee alleged she was the target of advances by the chief executive of the Costa Mesa-based drug maker. In both cases, the company and Panic said that they had done nothing wrong. Many companies attempt to settle cases before they reach open court, both out of fear of bad publicity and of the possibility of being hit with a costly judgment, experts say. Watt refused to say why ICN settled the Levy case. However, he added that the majority of the company's directors do not believe Levy's claims.