Defendant Name: Comverse Technology, Inc.

Defendant Type: Public Company

Document Reference: court_doc3_11-cv-01704

Document Details

Legal Case Name SEC v. Comverse Technology, Inc.
Document Name Final Judgment as to Defendant Comverse Technology, Inc.
Document Date 12-Apr-2011
Document Format Civil Proceeding
Case Number 11-cv-01704
Federal District Court New York, Eastern District of New York
Federal District Judge Leonard D. Wexler
Allegation Type Foreign Corrupt Practices Act
Document Summary On April 12, 2011, Federal District Judge Leonard D. Wexler entered final judgment against Comverse Technology, Inc. pursuant to Comverse Technology's consent.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Monetary Penalties:

Disgorgement

Individual:     $1,249,614.00 Shared:    

Pre-Judgment Interest

Individual:     $358,887.00 Shared:    

Total Penalty

Individual:     $1,608,501.00 Shared:    

Related Documents:

comp21920 07-Apr-2011 Complaint
Complaint
On April 7, 2011, the SEC filed a complaint against Comverse Technology, Inc. According to the complaint : "Between 2003 and 2006, Comverse Technology, Inc. ("Comverse") violated the books and record and internal controls provisions of the Foreign Corrupt Practices Act ("FCPA") when its Israeli operating subsidiary, Comverse Limited ("Comverse Limited") engaged in a scheme to make improper payments to obtain or retain business."
LR-21920 07-Apr-2011 Litigation Release
SEC Files Settled FCPA Case Against Comverse
On April 7, 2011, the SEC filed a settled enforcement action against Comverse Technology, Inc., alleging: "violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA)."