JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Friday, November 17, 2006

Computer Associates sues former CEO for legal defense costs
Michael Sung at 2:57 PM ET

[JURIST] Computer Associates [corporate website] is seeking repayment of legal defense costs totaling $14.9 million it fronted on behalf of former CEO Sanjay Kumar [Wikipedia profile]. The software maker filed suit against Kumar in New York State Supreme Court [official website] last week. Judge Stephen Bucaria [official profile] granted CA's motion to attach Kumar's house and a collection of luxury cars on Wednesday, which the Wall Street Journal estimated to exceed the $14.9 million dollars sought by CA. The court also attached $9 million dollars owed to Kumar by CA founder Charles Wang [Wikipedia profile].

Kumar received a 12-year prison sentence and an $8 million fine [JURIST report] in early-November after pleading guilty to charges of security fraud and obstruction of justice [JURIST report] for his role in the company's revenue-swapping of $2.2 billion with another company in 1999 and 2000. Reuters has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 African leaders to request Kenyan leaders be tried domestically
3:03 PM ET, May 24

 Nokia files patent infringement suit against HTC
12:38 PM ET, May 24

 Tenth Circuit hears Hobby Lobby appeal of health care ruling
11:51 AM ET, May 24

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

The War on Terror and the Need for Muslim Support
DOMESTIC
Faisal Kutty
Valparaiso University Law School

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org