CA Hinted At Hidden Strength During Sharp Market Sell-Off May 12, 2007
CA, () formerly known as Computer Associates International, fell 4. 6% on Sept. 11, 1986 1. (Investors Business Daily)
CA and prosecutor mum on Wang Apr 17, 2007
The U.S. Attorney's spokesman also declined to comment when asked if there was an ongoing investigation into Wang and accounting fraud at CA, formerly called Computer Associates International. The statute of limitations for a criminal securities fraud case in U.S. court is five years, and Wang left CA nearly five years ago, in November 2002. (InfoWorld)
Culture shock at CA Apr 15, 2007
Career: Co-founder of Computer Associates International. Criticism surrounding the wrongful reporting of more than $500 million in revenue, as well a series of stock bonuses - in which Wang netted $670 million in 1998 - forced Wang to step down as chief executive in 2000. (Newsday -- Business)
CA's Kumar ordered to pay restitution of $1 billion Apr 14, 2007
The company also changed its name -- during the time Kumar was at the helm it was called Computer Associates International Inc.. Grant Gross is Washington correspondent for the IDG News Service. (ITworld -- News)
Computer Assoc. Ex-CEO To Pay $52M For Fraud Apr 14, 2007
(CBS/AP) ISLANDIA, N.Y. The former chief executive of Computer Associates International Inc. has agreed to pay at least $52 million over the next two years to victims of a huge accounting fraud at one of the world's largest software companies ... Sanjay Kumar, former CEO of Computer Associates International, has agreed to pay at least $52 million to settle his fraud case. (CBS New York, NY)
CA's Kumar must repay $800M Apr 14, 2007
A Federal judge has approved a deal that orders convicted tech executive Sanjay Kumar to repay almost $800 million to a fund set up to repay victims of financial improprieties at Computer Associates International during Kumar's rule as CEO.. Judge Leo Glasser of the U.S. District Court for the Eastern District of New York approved a restitution agreement with Kumar and his estate on Friday that sets the amount of restitution at $1. (InfoWorld)
Ex-CA chief to pay $52M, then 20% of income for life Apr 14, 2007
By Tom Hays, Associated Press NEW YORK A judge has signed off on a restitution agreement requiring the former chief executive of Computer Associates International to pay at least $52 million including proceeds from the sale of his yacht and pair of Ferraris to victims of a huge accounting fraud at one of the world's largest software companies. U.S. District Judge Leo Glasser approved the deal Friday after a brief hearing in Brooklyn at which a special master overseeing a restitution fund... (USA Today -- Money)
Former CA Inc. CEO to pay at least $52 million in fraud case Apr 13, 2007
April 13, 2007, 10:18 AM EDT NEW YORK -- The former chief executive of Computer Associates International Inc. has agreed to pay at least $52 million over the next two years to victims of a huge accounting fraud at one of the world's largest software companies. Sanjay Kumar, who was sentenced to 12 years in prison in November for his role in the scandal, has signed off on a restitution agreement that would theoretically make him liable for as much as $798. (Newsday -- Long Island)
Washington Business Journal unveils region's Best Places to Work Apr 9, 2007
Large-business, nonlocal headquarters (local office): Bovis Lend Lease of Bethesda, Sonnenschein, Nath & Rosenthal of D.C., Nixon Peabody of D.C., Gensler of D.C., Morrison & Foerster of D.C. and McLean, Jones Lang LaSalle of D.C. and McLean, Deloitte of McLean, Wachovia of McLean, KPMG of D.C., Clear Channel Worldwide of Rockville, PricewaterhouseCoopers of D.C. and McLean, Ernst & Young of D.C. and McLean, Electronic Data Systems of Herndon and Computer Associates International of Herndon.... (Washington Business Journal, DC)
Securities Class Action Settlements Reach Record Level Mar 30, 2007
Computer Associates International, which now does business as CA, paid $225 million to the commission and $128. 6 million to settle the related class action; Bristol-Myers Squibb paid $150 million to the SEC and $485 million to settle the class action; and Lucent Technologies paid $25 million to the SEC and $517. (Law.com)
Scrutinizing software Mar 24, 2007
Computer Associates International Inc., of New York, became the subject of a federal investigation Feb. 20 regarding whether the company inflated revenues to boost its stock price. Microsoft Corp. is being investigated by the Securities and Exchange Commission to see whether the company has understated revenues and added them to subsequent quarters to smooth out what for many companies is an uneven sales environment. (San Jose Business Journal, CA)
