Comverse Lawyer Off The Hook On Accounting Charge

Law360, New York (July 22, 2008, 12:00 AM EDT) -- A federal judge has dismissed a claim against the former general counsel for Comverse Technology Inc. in a securities class action that accuses the company and several of its employees of options backdating and accounting manipulations.

On Thursday, the U.S. District Court for the Eastern District of New York dismissed the plaintiffs' claim that William F. Sorin violated Sections 10(b) and 20(a) of the Securities Exchange Act by participating in accounting manipulations at Comverse. The ruling did not address the claim about Sorin's alleged participation in...
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