Covad Communications and its ex-general counsel have finally laid to rest a sordid, six-year saga of allegations of self-dealing directors, sexual harassment and retaliatory firing.

Covad directors agreed to pay the company $7 million to settle a long-running derivative suit originally filed by former GC and co-founder Dhruv Khanna, the San Jose, Calif., telecom company detailed in its annual report, released Tuesday.

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