‘Enforcement 40’ for 2020
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By Securities Docket on September 7, 2018, 7:45 am
In Dating Game 2.0, however, many top executives appear to be reaping the same kinds of windfalls with a new variant on the original scam. Instead of manipulating the dates of option grants to match a dip in the stock price, companies appear to be manipulating the stock price itself so that it’s low on […]
By Securities Docket on February 24, 2017, 10:10 am
Jacob “Kobi” Alexander, the former CEO of Long Island software firm Comverse Technology who fled to Africa to avoid fraud charges, was sentenced Thursday in Brooklyn federal court to 30 months in prison. Alexander, 64, an Israeli citizen who founded digital voicemail pioneer Comverse in 1982, returned last year to plead guilty to securities fraud […]
By Securities Docket on August 25, 2016, 3:07 pm
Although the days of “options backdating” prosecutions and SEC enforcement actions are long past, one notable case has remained on the back burner: the case against former Comverse Technology Inc. CEO Jacob “Kobi” Alexander, a fugitive in Namibia since 2006. That ended this week, with Alexander’s appearance before an unsympathetic federal judge. via 10 years later, fugitive CEO pleads […]
By Securities Docket on April 16, 2012, 2:33 pm
Defendant in SEC backdating options cases claims SEC has lost or destroyed 5 million pages of documents.
By Securities Docket on November 8, 2011, 2:11 pm
Ninth Circuit holds malicious prosecution suit cannot survive company’s motion under California’s anti-SLAPP law.
By Securities Docket on October 14, 2011, 4:10 pm
Former Juniper Networks GC’s backdating settlement may have symbolized the end of an era.
By Securities Docket on July 19, 2010, 1:06 pm
SEC files settled action against Trident Microsystems and executives for options backdating over 13-year period.
By Amanda Harding on April 13, 2010, 10:39 pm
Former Maxim CFO blames deceased CEO for options backdating scandal.
By Amanda Harding on March 24, 2010, 4:09 pm
Former Atmel GC claims that MoFo has a conflict of interest.