gay marine dating - Comverse options backdating
Loonam said the defendant and his wife have a net worth of 0 million.
NEW YORK (Reuters) - The former chief executive officer of Comverse Technology Inc pleaded guilty on Wednesday to securities fraud, a decade after he fled to Namibia from the United States to avoid prosecution.
Jacob "Kobi" Alexander, the Woodbury, New York-based software developer's founder, entered his plea in federal court in Brooklyn, after ending his fight to avoid extradition to face charges pending since 2006.
Lieberman has had an integral role in a number of high-profile securities class and derivative actions, including Mr. Lieberman graduated from Fordham University School of Law in 2002.
Pomerantz prevailed in the motion to dismiss proceedings, a particularly noteworthy victory because Chief Judge George King of the Central District of California had dismissed two prior lawsuits against Corinthian with similar allegations. Lieberman serves as Interim Class Counsel on behalf of a class lenders and financial institutions litigating claims arising out of the London Interbank Offered Rate (“LIBOR”) rate rigging scandal. Lieberman achieved a significant victory for shareholders in the United States Court of Appeals for the Second Circuit, whereby the Appeals Court ruled that a temporary rise in share price above its purchase price in the aftermath of a corrective disclosure did not eviscerate an investor’s claim for damages. In December 2013, he spoke at the Annual Provident Funds Coalition Conference in Eilat, Israel on Morrison and its implications for TASE investors.
After 10 years on the lam in Namibia, ex-Comverse Technology CEO Jacob (Kobi) Alexander pleaded guilty Wednesday to securities fraud in Brooklyn Federal Court, then promptly thrown in jail by an irate judge who refused to release the fugitive fraudster on $25 million bail.
Judge Nicholas Garaufis administered an epic thrashing to Alexander and defense lawyer Ben Brafman, ridiculing their argument that the defendant had returned to the U. "voluntarily" and could be trusted to return to court for sentencing in December.
The case is one of the last open prosecutions arising from government or internal investigations of stock options backdating at over 200 companies, including Comverse, which was acquired in 2013 by former unit Verint Systems Inc .
NEW YORK (AP) — An Israeli fugitive former technology company CEO who frustrated federal authorities by living comfortably in exile in southwest Africa for the past 10 years has agreed to return to the United States to face charges he hatched a scheme to pocket millions of dollars by secretly manipulating stock options and is expected to plead guilty, prosecutors revealed on Tuesday.
His lawyers had arranged with US authorities that he would return to face indictment on July 31 for securities fraud related to the backdating of options for himself and some senior employees from 1998 to 2001.
HOWEVER, RATHER than face trial, he fled with his wife and children to the desert nation of Namibia, on Africa’s southwest coast, from where he felt he could not be extradited.
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