Ex-Veritas CFO Wants More Claims Cut In SEC Fraud Suit

Law360, New York (August 22, 2011, 8:11 PM EDT) -- The former chief financial officer of Veritas Software Corp. asked a California federal court Friday to toss regulators' claims that he manipulated earnings reports, part of a larger suit accusing him and others of lying to auditors about a $50 million licensing deal with AOL Inc.

The judge trimmed the complaint last year, but Kenneth Lonchar filed a new motion for partial summary judgment that seeks to have some of the U.S. Securities and Exchange Commission's remaining claims dismissed, taking the unusual step in an effort...
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