Defendant Name: Verint Systems Inc.

Defendant Type: Public Company
SIC Code: 7373
CUSIP: 92343X10

Initial Case Details

Legal Case Name SEC v. Verint Systems Inc.
First Document Date 03-Mar-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-00930
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Eastern District of New York

Violations Alleged

Exchange Act
Sec 13(a)
Rule 13a-1
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Securities Act
Sec 17(a) (Not specified)


First Resolution Date 03-Mar-2010

Related Documents:

comp21428 03-Mar-2010 Complaint
On March 3, 2010, the SEC filed a complaint against Verint Systems Inc. alleging it: "fraudulently and materially misstated its financial results through the improper establishment, maintenance, and release of excess reserves and its failure to keep accurate books and records."
LR-21428 03-Mar-2010 Litigation Release
SEC Sues Verint for Improper Accounting Practices and Institutes Exchange Act Section 12(j) Administrative Proceedings
On March 3, 2010, the SEC announced that it filed a settled complaint against Verint Systems Inc., "alleging a fraudulent scheme involving certain improper accounting practices." According to the SEC: "Without admitting or denying the allegations of the Commission's Complaint, Verint has consented to the entry of a final judgment permanently enjoining it from violating the antifraud, reporting, recordkeeping, and internal controls provisions of the federal securities laws."
court_doc3_10-cv-00930 09-Mar-2010 Court Docket Document
Final Judgment as to Verint Systems Inc.
On March 9, 2010, Federal District Judge Leonard D. Wexler entered final judgment against Verint Systems Inc. pursuant to the consent of Verint Systems Inc.