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CA Adds Millions For Costs From Stock Problems

Law360 (May 16, 2007, 12:00 AM EDT) -- In the wake of an expensive and consuming accounting scandal, CA Inc.—formerly Computer Associates—said Tuesday that it would record an additional $78 million in costs for dating problems with its stock options.

In a filing with the U.S. Securities and Exchange Commission, the company said the pre-tax expense from 1996 to 2001 was $165 million. After taxes, CA should have recognized a $78 million expense, the company said.

CA said that last year it found that its former management had given employees stock options but kept...
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