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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.