Defendant Name: Ulticom, Inc.

Defendant Type: Public Company
SIC Code: 3661
CUSIP: 90384420

Document Reference: comp21091-ulticom

Document Details

Legal Case Name SEC v. Ulticom, Inc.
Document Name Complaint
Document Date 18-Jun-2009
Document Format Civil Proceeding
Case Number 09-cv-02589
Federal District Court New York, Eastern District of New York
Federal District Judge Joanna Seybert
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated: "Ulticom, Inc. ("Ulticom" or the "Company") engaged in two separate fraudulent schemes through which it materially misstated its financial results. The first scheme involved certain improper practices in connection with backdating of Ulticom stock options. The second scheme involved improper accounting practices . . . . The misconduct began in 1996, when Ulticom was a wholly-owned subsidiary of Comverse Technology, Inc. ("Comverse"), and continued after Ulticom became a publicly-traded company, while still majority-owned by Comverse, in 2000."

Related Documents:

LR-21091 18-Jun-2009 Litigation Release
SEC Sues Ulticom and Former Ulticom Executive for Fraudulent Options Backdating and Earnings Management Schemes
The SEC stated that: "[It] filed settled civil charges against Ulticom, Inc. and a former executive, Lisa M. Roberts, for two separate fraudulent schemes, involving improper options backdating practices and certain improper accounting practices. The Commission's Complaint against Ulticom alleges the misconduct began in 1996, when Ulticom was a wholly-owned subsidiary of Comverse Technology, Inc. ("Comverse"), and continued after Ulticom became a publicly-traded company, while still majority-owned by Comverse, in 2000."
court_doc2_09-cv-02589 22-Jul-2009 Court Docket Document
Final Judgment as to Defendant Ulticom, Inc.
The Court stated: "Defendant Ulticom, Inc. ("Defendant" or "Ulticom") . . . consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Related Actions:

SEC v. Jacob "Kobi" Alexander, David Kreinberg, and William F. Sorin
Jacob "Kobi" Alexander
David Kreinberg
William F. Sorin
SEC v. Comverse Technology, Inc.
Comverse Technology, Inc.
SEC v. Lisa M. Roberts
Lisa M. Roberts
In the Matter of David Kreinberg, CPA
David Kreinberg
In the Matter of William F. Sorin, Esq.
William F. Sorin
In the Matter of Lisa M. Roberts, CPA
Lisa M. Roberts