We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Allows Comverse CEO's Defenses To Survive

Law360 (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...
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.