Judge Allows Comverse CEO's Defenses To Survive

Law360, New York (September 27, 2007, 12:00 AM EDT) -- A New York federal court judge gave a mixed ruling to a federal regulator's attempt to toss defenses submitted by Jacob “Kobi” Alexander, the former Comverse Technologies Inc. CEO accused of pocketing almost $138 million from illegally backdated options.

Judge Nicholas G. Garaufis of the U.S. District Court for the Eastern District of New York on Wednesday partially dismissed Alexander's defense that he was improperly served. However, Garaufus refused to grant the U.S. Security and Exchange Commission's summary judgment motion to drop Alexander's statute of limitations...
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