Ex-Cabletron Exec Settles SEC Earnings Fraud Suit

Law360, New York (January 17, 2013, 5:49 PM EST) -- Former Cabletron Systems Inc. executive Eric Jaeger has settled a long-running U.S. Securities and Exchange Commission case in New Hampshire federal court over alleged earnings inflation without paying any money or admitting wrongdoing, according to a court filing Wednesday.

U.S. District Judge Steven J. McAuliffe issued a final judgment approving the settlement between the SEC and Jaeger, the company’s former vice president of corporate affairs. The suit, filed in February 2007, claimed Jaeger and other company executives sought to artificially inflate the financial condition of Cabletron...
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