4 Ex-Cabletron Execs Settle SEC's Fraud Allegations

Law360, New York (June 17, 2011, 5:14 PM EDT) -- Four former executives of Cabletron Systems Inc. and two spinoff companies agreed to pay about $700,000 in New Hampshire on Friday to settle allegations that they helped artificially inflate the companies' financial conditions.

Cabletron's former CEO Piyush G. Patel, Cabletron and Aprisma Management Technologies Inc.'s former Chief Operating Officer David J. Kirkpatrick, Enterasys Networks Inc.'s former Controller Lawrence Collins and Aprisma's former CEO Michael A. Skubisz reached separate settlements, according to the U.S. Securities and Exchange Commission.

The SEC first filed suit in 2007, alleging that...
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