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| | Complaint: Ira Zar, Defendant |
 | | Zar allowed CA to recognize revenue from the contract with Customer Y to be booked in the Third Fiscal Quarter of FY2000 (ended December 31, 1999), even though Zar knew, or recklessly disregarded the fact, that CA and Customer Y had not executed that contract until after December 31, 1999. |
 | | Zar oversaw the implementation of the Extended Quarters practice, as such, he was aware that the Forms 10-Q and Form 10-K he signed contained false and misleading revenue and earnings results and did not comply with GAAP. |
 | | Zar made, or caused to be made, materially false and misleading statements or omissions to CA's outside auditors in connection with their audits of CA's financial statements and/or the preparation of CA's Forms 10-K and Form 10-Q for FY2000. |
| www.sec.gov /litigation/complaints/comp18665c.htm (4682 words) |
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