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Wednesday, September 22, 2004

UPDATE ~ Former Computer Associates CEO indicted
Thomas Bird at 9:14 PM ET

As anticipated earlier on JURIST's Paper Chase, former Computer Associates CEO Sanjay Kumar has now been indicted on charges of securities fraud, conspiracy and obstruction of justice.

A grand jury returned the indictment last Friday, but it was sealed until Wednesday when Computer Associates agreed to pay shareholders $225 million in a settlement. AP has more. The SEC has issued a press release on the charges.




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