Defendant Name: Ulticom, Inc.

Defendant Type: Public Company

Document Reference: court_doc2_09-cv-02589

Document Details

Legal Case Name SEC v. Ulticom, Inc.
Document Name Final Judgment as to Defendant Ulticom, Inc.
Document Date 22-Jul-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 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."

Disgorgement & Penalty Information

Resolutions
Enjoinment
the court directed that the Defendant must become current in its periodic reporting requirements pursuant to Section 13(a) Exchange Act and Rule 13a-1 and 13a-13, by the earlier of November 9, 2009 or the date on which Defendant files a restatement

Related Documents:

comp21091-ulticom 18-Jun-2009 Complaint
Complaint
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."
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."

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.
SEC v. Lisa M. Roberts
In the Matter of David Kreinberg, CPA
In the Matter of William F. Sorin, Esq.
In the Matter of Lisa M. Roberts, CPA