Fallen Enterasys Execs Hit With SEC Lawsuit

Law360, New York (February 13, 2007, 12:00 AM EST) -- U.S. regulators have filed a civil securities fraud lawsuit against 10 former executives of defunct software firm Enterasys Networks Inc., less than two months after federal prosecutors won a slew of convictions in the matter.

The U.S. Securities and Exchange Commission filed the suit on Feb. 9 in New Hampshire federal court, accusing the group of initiating a scheme to inflate revenues by as much as $48 million and openly discussing it in company e-mails.

The ten defendants were executives at Cabletron Systems Inc., the defunct...
To view the full article, register now.



Case Information

Case Title

Consorzio del Prosciutto di San Daniele v. Daniele, Inc.

Case Number



Rhode Island

Nature of Suit



Mary M Lisi

Date Filed

January 29, 2007

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.