December 22, 2009 at 12:00 AM
1 minute read
Comverse Technology Inc., the world’s largest maker of voice-mail software, and its former chief executive officer Jacob “Kobi” Alexander, have agreed to pay $225 million to settle a securities class action over backdated stock options. The 56-page agreement, which was filed in Brooklyn federal district court on Friday, must be approved by Eastern District Judge Nicholas Garaufis.
Comverse was represented by Joseph Allerhand and David Zeltner of Weil, Gotshal & Manges.
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