| |
| | Computer Associates International, Inc., Sanjay Kumar and Stephen Richards, and Steven Woghin : Lit. Rel. No. 18891 / ... |
 | | The complaints further allege that under Section 20(e) of the Exchange Act, Kumar, Richards and Woghin aided and abetted Computer Associates' violations of Sections 10(b), 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1 and 13a-13 thereunder. |
 | | Executives, including defendants Kumar, Richards, and Woghin, held Computer Associates' books open for several days after the end of each quarter to improperly record in that quarter revenue from contracts that were not executed by customers or Computer Associates until several days or more after the expiration of the quarter. |
 | | During the course of the SEC's investigation, Kumar made materially false and misleading statements in a joint proffer session with the SEC and the United States Attorney's Office. |
| www.sec.gov /litigation/litreleases/lr18891.htm (992 words) |
|