Comverse backdating settlement
In an e-mail response to CFO.com, Deloitte officials commented: “These are meritless claims filed by one individual who has already plead[ed] guilty to federal criminal charges and by another who has fled to Namibia to try to escape the American criminal justice system.
We are confident that these claims will be disposed of in short order by the Court.” In the original suit against Comverse executives, lead plaintiff and Comverse investor the Menorah Group charged that Alexander, Sorin, and other officials, including former chief financial officer David Kreinberg, had falsified financial statements to inflate the company’s stock price and to mislead investors about the true condition of the company.
and its disgraced former CEO Jacob “Kobi” Alexander, who is fighting extradition from Namibia over an alleged options backdating scheme, have agreed to pay 5 million to settle a shareholder class action and related litigation. Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.
Starting in the late 1990s, Comverse's voice messaging software became its main product and the company grew rapidly with the surge in mobile phone use, passing the
Starting in the late 1990s, Comverse's voice messaging software became its main product and the company grew rapidly with the surge in mobile phone use, passing the $1 billion mark in revenues.
(“Comverse”) a leading provider of software and systems enabling network-based multimedia enhanced communication and billing services, Jacob “Kobi” Alexander, David Kreinberg , William F. Friedman, Sam Oolie, and Ron Hiram (collectively the “Defendants”) in the United States District Court for the Eastern District of New York (styled, No.
CV 06-1825-(NGG) (RER)) alleging that Defendants issued false and misleading statements relating to alleged accounting irregularities relating to stock option grants and options backdating, in violation of Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934, according to the Comverse Technology securities class action settlement notice.
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Law360, New York (August 24, 2016, PM EDT) -- A Brooklyn federal judge on Wednesday denied bail to the former chairman and CEO of Comverse Technology Inc.
||Starting in the late 1990s, Comverse's voice messaging software became its main product and the company grew rapidly with the surge in mobile phone use, passing the $1 billion mark in revenues.(“Comverse”) a leading provider of software and systems enabling network-based multimedia enhanced communication and billing services, Jacob “Kobi” Alexander, David Kreinberg , William F. Friedman, Sam Oolie, and Ron Hiram (collectively the “Defendants”) in the United States District Court for the Eastern District of New York (styled, No.CV 06-1825-(NGG) (RER)) alleging that Defendants issued false and misleading statements relating to alleged accounting irregularities relating to stock option grants and options backdating, in violation of Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934, according to the Comverse Technology securities class action settlement [email protected] url(//maxcdn.bootstrapcdn.com/font-awesome/4.3.0/css/css); /* Extra Extra Small */ @media only screen and (min-device-width : 300px) and (max-device-width : 321px) { .english_site #ticker Wrap #Ticker Title .mobile-header, .mobile-menu, .responsive .mobile-bg ..mobile-menu .mobile-menu .mobile-menu .mobile-menu span .mobile-menu .mobile-menu img .mobile-menu ul .mobile-menu ul li .mobile-menu ul .mobile-menu ul Category .mobile-menu ul Category a .mobile-menu ul li.current .mobile-menu ul li.current a .mobile-menu ul li .color .mobile-menu ul li, .mobile-menu ul li a .mobile-header .mobile-header .inner-menu .mobile-header .inner-logo .mobile-header .inner-logo img .mobile-header .inner-text .mobile-header fa-bars .mobile-header .inner-menu .menu-btn .mobile-header .inner-menu .menu-btn-right-line .mobile-header .inner-menu .menu-btn img .mobile-menu ul Category[channel-name='home'] .ob_org_header .ob_container .from-app .mobile-header .from-app #main .menu-img-item .menu-img-size .mobile-menu li.active .mobile-menu li.active[channel-name=mideast] .color .mobile-menu li.active[channel-name=world] .color div, span html #main #main content .block #main header #main Law360, New York (August 24, 2016, PM EDT) -- A Brooklyn federal judge on Wednesday denied bail to the former chairman and CEO of Comverse Technology Inc.
billion mark in revenues.(“Comverse”) a leading provider of software and systems enabling network-based multimedia enhanced communication and billing services, Jacob “Kobi” Alexander, David Kreinberg , William F. Friedman, Sam Oolie, and Ron Hiram (collectively the “Defendants”) in the United States District Court for the Eastern District of New York (styled, No.
CV 06-1825-(NGG) (RER)) alleging that Defendants issued false and misleading statements relating to alleged accounting irregularities relating to stock option grants and options backdating, in violation of Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934, according to the Comverse Technology securities class action settlement notice.
@import url(//maxcdn.bootstrapcdn.com/font-awesome/4.3.0/css/css); /* Extra Extra Small */ @media only screen and (min-device-width : 300px) and (max-device-width : 321px) { .english_site #ticker Wrap #Ticker Title .mobile-header, .mobile-menu, .responsive .mobile-bg ..mobile-menu .mobile-menu .mobile-menu .mobile-menu span .mobile-menu .mobile-menu img .mobile-menu ul .mobile-menu ul li .mobile-menu ul .mobile-menu ul Category .mobile-menu ul Category a .mobile-menu ul li.current .mobile-menu ul li.current a .mobile-menu ul li .color .mobile-menu ul li, .mobile-menu ul li a .mobile-header .mobile-header .inner-menu .mobile-header .inner-logo .mobile-header .inner-logo img .mobile-header .inner-text .mobile-header fa-bars .mobile-header .inner-menu .menu-btn .mobile-header .inner-menu .menu-btn-right-line .mobile-header .inner-menu .menu-btn img .mobile-menu ul Category[channel-name='home'] .ob_org_header .ob_container .from-app .mobile-header .from-app #main .menu-img-item .menu-img-size .mobile-menu li.active .mobile-menu li.active[channel-name=mideast] .color .mobile-menu li.active[channel-name=world] .color div, span html #main #main content .block #main header #main
Law360, New York (August 24, 2016, PM EDT) -- A Brooklyn federal judge on Wednesday denied bail to the former chairman and CEO of Comverse Technology Inc.
