Digital Edition

SYS-CON.TV
Backdating Watch
Comverse Technology's former general counsel William Sorin is going to pay $3 million to settle with SEC

Comverse Technology's former general counsel William Sorin is going to pay $3 million to settle a criminal SEC backdating-cum-stock manipulation suit. He will also be barred from ever again serving as a lawyer, officer or director of a public company and faces a possible five years in jail when he's sentenced in a few weeks. He is the first of the backdating lawyers - and there are a flock of them - to catch hell. The US government is still trying to extradite runaway ex-Comverse CEO Kobi Alexander from Namibia. Meanwhile, both BEA and Wind River are still trading on the Nasdaq on sufferance because they haven't filed their financial results because of backdating investigations. BEA has been told it has to file its missing 10-Qs for its July and October quarters by the end of February and Wind River either had to come up with a copy of its final report regarding its ongoing stock option investigation on January 8 or submit a written response to questions posed by Nasdaq Listing Qualifications Panel. Wind answered the questions. It also has to file its 2Q07 10-Q by February 7 and its 3Q07 10-Q by February 21. Otherwise, its shares could be delisted.

About Security News Desk
SYS-CON's Security News desk trawls the world of security for news of software, hardware, products, and services that seems likely to be of interest to infosec professionals and summarizes them for easy assimilation by busy IT managers and staff.

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1



ADS BY GOOGLE
Subscribe to the World's Most Powerful Newsletters

ADS BY GOOGLE

Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience w...
NanoVMs is the only production ready unikernel infrastructure solution on the market today. Unikerne...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO Silicon Valley 2019 will cover all of these tools, with the m...
SUSE is a German-based, multinational, open-source software company that develops and sells Linux pr...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are rep...
Technological progress can be expressed as layers of abstraction - higher layers are built on top of...
When building large, cloud-based applications that operate at a high scale, it’s important to mainta...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, disc...
Big Switch's mission is to disrupt the status quo of networking with order of magnitude improvements...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism...
Dynatrace is an application performance management software company with products for the informatio...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Ser...
All in Mobile is a mobile app agency that helps enterprise companies and next generation startups bu...
Yottabyte is a software-defined data center (SDDC) company headquartered in Bloomfield Township, Oak...
Serveless Architectures brings the ability to independently scale, deploy and heal based on workload...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it wil...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the c...
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical ...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (No...
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in developm...