Defendant Name: Veraz Networks, Inc.

Defendant Type: Public Company
SIC Code: 7373
CUSIP: 92335910

Initial Case Details

Legal Case Name SEC v. Veraz Networks, Inc.
First Document Date 29-Jun-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-02849
Allegation Type Foreign Corrupt Practices Act
Federal District Court California, Northern District of California

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)

Resolutions

First Resolution Date 29-Jun-2010
Headline Total Penalty and Disgorgement $300,000

Related Documents:

comp21581 29-Jun-2010 Complaint
Complaint
On June 29, 2010, the SEC filed a complaint against Veraz Networks, Inc. According to the SEC: "Veraz resellers, consultants, and employees made and offered payments to employees of government-controlled telecommunications companies in China and Vietnam with the purpose and effect of improperly influencing these foreign officials to award or continue to do business with Veraz."
LR-21581 29-Jun-2010 Litigation Release
SEC Charges California Telecommunications Company with FCPA Violations
On June 29, 2010, the SEC filed a settled federal court action against Veraz Networks, Inc. alleging that Veraz violated the books and records and internal controls provisions of the FCPA.
2010-115 29-Jun-2010 Press Release--Civil Action
SEC Charges California Telecommunications Company With FCPA Violations
On June 29, 2010, the SEC announced that it filed a settled federal court action against San Jose, California-based telecommunications company Veraz Networks, Inc. ("Veraz"), alleging that Veraz violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act ("FCPA"). The alleged violations stemmed from improper payments made by Veraz to foreign officials in China and Vietnam after the company went public in 2007. According to the SEC's complaint filed in U.S. District Court for the Northern District of California, Veraz violated the books and records and internal controls provisions of the FCPA by failing to accurately record the improper payments on its books and records, and failing to devise and maintain a system of effective internal controls to prevent such payments. Veraz, without admitting or denying the allegations in the SEC's complaint, consented to the entry of a final judgment permanently enjoining Veraz from future violations of the federal securities laws and ordering Veraz to pay a penalty of $300,000.
court_doc10_10-cv-02849 20-Sep-2010 Court Docket Document
Final Judgment as to Defendant Veraz Networks, Inc.
On September 20, 2010, Federal District Judge Patricia V. Trumbull entered final judgment against Veraz Networks, Inc. pursuant to the consent of Veraz Networks, Inc.