RESEARCH TRIANGLE PARK – Kenneth Moch, a former CEO of Chimerix, has retracted allegations made against Pappas Ventures and also agreed to pay a settlement in a case dating back to October 2014.
Moch “has retracted allegations of financial malfeasance that he made, anonymously, against two of the firm’s senior executives. In the retraction letter, Mr. Moch acknowledged that ‘the statements that I made in the emails were false and it was wrong for me to send them,'” Pappas said in a statement.
“He also retracted all other disparaging statements that he made about Pappas Capital over the course of litigation that extended over more than
two years.”
The settlement was for $1.3 million, according to the News & Observer.
Papas noted that over a period of seven months “Mr. Moch sent a series of anonymous emails to several of the firm’s largest investors and to the news media. More than a year after the initial email, Pappas Capital identified Mr. Moch as the sender and named him in a defamation lawsuit.”
Pappas was an investor in Chimerix.
