Renowned UCLA heart surgeon Gerald Buckberg, M.D., agreed to pay $140,000 to a foundation he started and not receive any future grants from it, settling a lawsuit from California Attorney General Jerry Brown. Brown alleged Buckberg inappropriately steered funds from L.B. Research Foundation, which he founded in 1997, toward his own research and business ventures with no oversight by its nominal board members and officers, some of whom didn't know they held those titles, according to the complaint. The settlement agreement stipulates that Buckberg makes no admission of “wrongdoing, fault, violation of law or liability.” The settlement calls for Buckberg not to serve as the foundation's chairman or officer, and for his name to be removed from its financial accounts and Post Office box. The agreement also requires that the foundation's officers and board receive education on their fiduciary and ethical obligations. Buckberg's alleged misuse of the funds came to light when L.B. Research Foundation sued UCLA over a $1 million donation endowing a chair in cardiothoracic surgery. During the litigation, the university discovered that Buckberg had concealed that he was the source of the grant and tailored the selection criteria to get himself appointed to the position, the university said in a statement issued when Brown filed his lawsuit in September.
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