Ex-Symbol Tech CEO Fights SEC Bid To Disgorge $66M

Law360, New York (April 6, 2010, 1:17 PM EDT) -- Tomo Razmilovic, the former CEO of Symbol Technologies Inc., is fighting the U.S. Securities and Exchange Commission's proposal that he disgorge $66 million for allegedly carrying out a massive accounting fraud that helped to greatly overstate the bar code scanner manufacturer's revenue and stock price.

Razmilovic argued in a brief filed Monday in the U.S. District Court for the Eastern District of New York that the SEC had failed to prove that the amount it is seeking to disgorge — which comprises the ex-CEO's compensation, exercise...
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