By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Kumar and Stephen Richards, CA's former global sales chief, pleaded not guilty and Stephen Woghin, former legal officer and senior vice-president at CA, pleaded guilty to taking part in what prosecutors claimed was a company-wide accounting fraud.
CA, the fourth largest software company in the world, reached an agreement with the US Department of Justice last week to pay £125m compensation to victims over 18 months in return for the Department of Justice agreeing not to prosecute the company.
CA chairman Lewis Ranieri said, "With these agreements, CA has taken a critical step in closing this deeply troubling chapter in its history."