CH Town Council Member Czajkowski and ex-UNC VP Etta Pisano investigated by conservative South Carolina watchdog group

... I called the group conservative because their About page says "We promote ideas like limited government, free enterprise and individual liberty."

And in case you don't make it all the way down to the bit about Matt C, here's a quote:

Czajkowski, NextRay’s CEO, has had some of his past activities scrutinized, as well.

Czajkowski has a long history in corporate America, working for such well-known entities as Goldman Sachs and Bankers Trust Co. In 1997, he joined Pozen Inc., a Chapel Hill drug development company, and within a year helped take the company public.

Czajkowski resigned as CFO of Pozen Inc. in early 2004, just as the Chapel Hill drug development company was trying to get its first product, an experimental migraine treatment, approved by regulators.

Czajkowski, who had been with Pozen since March 1997, resigned for personal and family reasons, the company said.

Shareholders sued Czajkowski and other Pozen executives in June 2004, claiming they artificially inflated the stock price, but a judge dismissed the suit because the plaintiffs had not directly demanded any remedy from Pozen’s board of directors as required by law in Delaware, where Pozen is incorporated, the News & Observer of Raleigh reported.

Later that year, Czajkowski took a job with AAIPharma, a publicly traded pharmaceutical company in North Carolina. By May 2005, AAIPharma had declared Chapter 11 bankruptcy and four former AAIPharma  executives were later named in a shareholder lawsuit, though Czajkowski was not among them.

Shortly after emerging from Chapter 11 protection in March 2006,  AAIPharma announced that Czajkowski had been replaced as executive vice president and chief financial officer.

An AAIPharma spokesman at the time declined to comment to the Triangle Business Journal about whether Czajkowski was fired, and denied that the executive change had anything to do with the company’s financial woes.

In June 2007, Aldagen Inc. brought on Czajkowski as its chief financial officer, but his employment with the Durham, N.C., biotech company was terminated in January 2008, according to information filed with the SEC.

In his disclosure report filed with Orange County, N.C., for his 2009 campaign for Chapel Hill Town Council, Czajkowski listed himself as retired. It’s not clear exactly when he became chief executive of NextRay.