Defendant Name: Verint Systems Inc.

Defendant Type: Public Company

Document Reference: LR-21428

Document Details

Legal Case Name SEC v. Verint Systems Inc.
Document Name SEC Sues Verint for Improper Accounting Practices and Institutes Exchange Act Section 12(j) Administrative Proceedings
Document Date 03-Mar-2010
Document Format Civil Proceeding
Case Number 10-cv-00930
Federal District Court New York, Eastern District of New York
AAER 3117
Allegation Type Issuer Reporting and Disclosure
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

Related Documents:

comp21428 03-Mar-2010 Complaint
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."
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.