A U.S. District Court judge has ordered the former CEO of CA Inc. to pay more than US$1 billion in restitution to victims of securities fraud he committed while at the company.
CA has already repaid $225 million of that amount to a victim's fund. Sanjay Kumar must pay $52 million in the next 18 months, Judge I. Leo Glasser of the U.S. District Court for the Eastern District of New York ordered Friday.
For full story at PC World - CA's Kumar Ordered to Pay $1 Billion
CA has already repaid $225 million of that amount to a victim's fund. Sanjay Kumar must pay $52 million in the next 18 months, Judge I. Leo Glasser of the U.S. District Court for the Eastern District of New York ordered Friday.
For full story at PC World - CA's Kumar Ordered to Pay $1 Billion
