Former CA chief pleads not guilty
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Former Computer Associates chief executive Sanjay Kumar pleaded not guilty on Thursday in the US to charges that he helped inflate his firm&#39;s financial results and subsequently tried to conceal that fact from investigators.
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Former Atlanta Braves center fielder Otis Nixon pleaded not guilty to an assault charge.
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A former community college coach charged with providing false information about athletes to several schools pleaded not guilty Thursday to 36 counts of embezzlement, fraud and theft of federal funds.
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A former cargo handler at New York's John F. Kennedy International Airport pleaded not guilty on Wednesday to charges that he plotted to blow up the airport's fuel tanks and a supply pipeline that runs through New York City.
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(InfoWorld) - Troubled systems management and security software vendor CA aims to get back on track in its current fiscal year after a series of unforeseen setbacks last year, its chief executive officer pledged to shareholders. "2006 was clearly a year of transformation," John Swainson told shareholders at the company's annual meeting in New York Monday, which was also webcast. "We didn't fully deliver on our expectations for 2006. Execution is the theme for CA in 2007." CA had to delay final filing fourth-quarter and full fiscal 2006 financial results twice due to internal stock options investigations and the impact of a new sales-commission plan. "It didn't reflect well on us a company," Swainson said. "Hopefully, it's all behind us." Focusing on the convergence of systems and storage management and on security management software as outlined in the company's Enterprise IT Management (EITM) strategy, Swainson hopes to grow CA from a US$4 billion company to $6 billion by 2009, he said. The watchwords for CA going forward are "unification and simplification," he added. CA spent over $1 billion on nine acquisitions during fiscal 2006, a practice Swainson doesn't see CA repeating in the near future. Instead, the vendor will make "much smaller" purchases in fiscal 2007 and work on integrating into its existing software the technologies it has already acquired, he said. CA continues to be a company haunted by its past. One unidentified shareholder asked why in all of CA's recent ups and downs, the vendor hasn't mentioned Charles Wang, the company's charismatic co-founder and former chairman and CEO and his remuneration from the firm. "Mr. Wang doesn't have an operational role at company," Swainson said. "I've never met with him in my nearly two-year tenure" at CA. Wang is a stockholder, but Swainson said he's unaware of any other involvement the former company head has with CA. Wang's successor at CA, Sanjay Kumar, resigned from the company in 2004 following questions about his role in an accounting fraud in which the vendor recorded revenue before contracts were finalized to beef up quarterly financial results. Kumar was indicted and pleaded guilty to financial fraud charges in April, along with codefendant Stephen Richards, previously head of worldwide sales at CA. The two men are due to be sentenced in October. CA reached a deferred prosecution agreement with the U.S. government in September 2004, requiring the company to pay $225 million to a restitution fund to compensate victims of the fraud. Another shareholder asked about the status of that arrangement. Last week, CA announced an agreement with the U.S. Attorney's Office for the Eastern District of New York and the U.S. Securities and Exchange Commission to extend the term of Lee Richards as an independent examiner overseeing CA's financial reporting until May 1, 2007. Richards' term had been due to expire last Saturday. "The company has largely met the agreements, but material weaknesses still exist," said CA Chairman Lewis Ranieri. "We're working on those areas and hopefully will end Richards' term even before May." CA has paid into the fund and its distribution is being finalized, he added. Ranieri directed CA shareholders to a special Web site -- http://www.computerassociatesrestitutionfund.com/ -- as the official source for information. At the meeting, CA shareholders elected all 11 members of the board to 1-year terms and defeated a stockholder proposal to put in place a poison pill designed to prevent a hostile takeover of the company. Â
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An ex-employee of the US space agency, Nasa, has pleaded not guilty to charges he falsified reports of safety checks on the space shuttle Discovery.
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Barry George pleads not guilty to the murder of BBC TV presenter Jill Dando in 1999.
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Former Japanese internet boss Takafumi Horie pleads not guilty to fraud charges in a Tokyo court.
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Disgraced Internet mogul Takafumi Horie, who riled Japan's corporate old guard with his brash business tactics, has pleaded not guilty over a scandal at his once high-flying Livedoor firm.
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Former financier Martin Armstrong  pleaded not guilty to expanded charges of fraud on Friday, just  days after he challenged a contempt order that has kept him  imprisoned for more than four years.
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Takafumi Horie, the former chief executive of the internet firm Live-door, pleaded not guilty Tokyo yesterday to conspiring to boost its share price by falsifying accounts. Mr Horie, 33, said: "I have not carried out, or instructed, such crimes as were mentioned.
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A Montana-based private detective who allegedly tried to double deal parties involved in two high profile corporate litigation cases pleaded not guilty on Thursday to four counts of wire fraud.
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FORT LEWIS, Wash  - A U.S. Army officer who refused an order to deploy to Iraq, pleaded not guilty on Monday to several charges at a court-martial that calls into question the right of officers to speak out against the war.
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Georgia's former schools superintendent pleaded not guilty Monday to charges she stole more than &#36;600,000 in education funds and spent it on a face-lift and her failed campaign for governor.
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After being indicted by a federal grand jury, Robert Alan Soloway pleads not guilty to 35 counts related to junk e-mail.
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Takafumi Horie, the former CEO of   Internet firm Livedoor Co. who came to symbolize a freewheeling   capitalism that challenged with Japan's staid corporate norms,   pleaded not guilty on Monday to charges of breaking securities   laws.
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Gregory L. Reyes pleaded not guilty to securities fraud and other charges that he improperly backdated employee stock option grants.