Ex-Comverse CFO Gets Time Served In Backdating Case

Law360, New York (March 18, 2011, 5:49 PM EDT) -- A former top executive at Comverse Technology Inc. was sentenced Friday in New York to time served after cooperating with authorities in a stock options backdating probe of the software company.

Former Comverse Chief Financial Officer David Kreinberg was sentenced by Judge Nicholas G. Garaufis of the U.S. District Court for the Eastern District of New York. In October 2006, he became the first of three Comverse executives facing criminal backdating charges to plead guilty.

According to Kreinberg's attorney, Edward A. McDonald of Dechert LLP, the...
To view the full article, register now.

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.