CA Sues Ex-CEO To Recover Attorneys' Fees

Law360, New York (November 17, 2006, 12:00 AM EST) -- CA Inc. has brought suit against former chief executive Sanjay Kumar in an attempt to recover the $14.9 million the software maker paid out for the embattled executive’s legal defense.

Kumar has been under investigation by the U.S. Department of Justice and the U.S. Securities and Exchange Commission since 2002 for his alleged involvement in misrepresenting the Long Island, N.Y.-based company’s financial status.

In April, Kumar pled guilty to 8 counts of securities fraud, and earlier this month he was handed a 12-year prison sentence and...
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.