Computer Associates sues former CEO for legal defense costs

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Computer Associates sues former CEO for legal defense costs

November 17, 2006 02:57:00 pm

[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.

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