Former Comverse Execs In Plea Bargain Talks

Law360, New York (October 10, 2006, 12:00 AM EDT) -- Two of the three former Comverse Technology Inc. executives who face criminal charges over allegations of stock options backdating are in plea negotiations to resolve the case without a trial.

Both William Sorin, the former senior general counsel, and David Kreinberg, the company’s ex-finance chief, requested a federal court in Brooklyn to grant them more time to negotiate a plea bargain with Assistant U.S. Attorney Linda Lacewell, who is prosecuting the case.

The court filing said that Sorin and Kreinberg are engaged in negotiations, “which they...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.