Comverse Backdating Suit Partly Survives Dismissal

Law360, New York (February 21, 2008, 12:00 AM EST) -- A federal judge has partly rejected the recommendations of a magistrate judge and kept alive allegations against the former members of the compensation and audit committee of Comverse Technology Inc. related to stock options backdating at the company.

Judge Nicholas G. Garaufis of the U.S. District Court for the Eastern District of New York largely went along with a report and recommendation of Magistrate Judge Ramon E. Reyes Jr. However, in his order issued Tuesday, he declined to dismiss some of the allegations against Comverse board...
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