2007-04-13 The High Cost of Backdating
For those who have steadfastly stated to me during the past 10 years that there is no way to quantify losses or potential risk of liability for time-based data manipulation, I offer the restitution arrangement agreed to by Sanjay Kumar, former CEO of Computer Associates and now convicted felon. He agreed to repay 800 million (that an 8 with 8 zeroes after the digit) for his acts, which included backdating contracts and cost Computer Associates (now CA) a bundle in earnings restatements. He actually has only $52 million to pay at the moment, but those funds are coming from his, and from his family's assets.
Thoughts and comments from a lawyer-technologist about cybersecurity, privacy, and complex litigation, but with a twist of (or perhaps twisted) technology and electronic discovery. And the occasional on or off-topic rant. Cautionary Note: Nothing contained in this blog is intended to be, should be construed as, or considered to be, legal advice. If you require legal assistance, contact an attorney in your jurisdiction.
About Me
- Steven Teppler
- Jacksonville, Florida, United States
- Partner, Sterlington, PLLC. Jacksonville, FL. Cybersecurity, Privacy and Complex Litigation; Admitted in NY, DC, FL IL and NJ. Co-Chair, American Bar Association Information Security Committee.
Publications
»The HIPAA Technology Challenge: Protecting the Integrity of Health Care Information, California Health Law News – Volume XXVI, Issue 1, Winter 2007/2008
»Spoliation of Digital Evidence – A.B.A. SciTech Lawyer Magazine, Fall 2007,
»Life After Sarbanes-Oxley – The Merger of Information Security and Accountability (co-author) 45 Jurimetrics J. 379 (2005)
»Digital Signatures Are Not Enough (co-author); ISSA, Jan. 2006
»State of Connecticut v. Swinton: A Discussion of the Basics of Digital Evidence Admissibility (co-author), Georgia Bar Newsletter Technology Law Section, Spring 2005.
»Foundations of Digital Evidence, (contributing author) American Bar Association (July 2008).
»Spoliation of Digital Evidence – A.B.A. SciTech Lawyer Magazine, Fall 2007,
»Life After Sarbanes-Oxley – The Merger of Information Security and Accountability (co-author) 45 Jurimetrics J. 379 (2005)
»Digital Signatures Are Not Enough (co-author); ISSA, Jan. 2006
»State of Connecticut v. Swinton: A Discussion of the Basics of Digital Evidence Admissibility (co-author), Georgia Bar Newsletter Technology Law Section, Spring 2005.
»Foundations of Digital Evidence, (contributing author) American Bar Association (July 2008).
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