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UPDATE ~ Former Computer Associates CEO indicted

[JURIST] As anticipated earlier on JURIST's Paper Chase, former Computer Associates CEO Sanjay Kumar has now been indicted on charges of securities fraud, conspiracy and obstruction of justice.

A grand jury returned the indictment last Friday, but it was sealed until Wednesday when Computer Associates agreed to pay shareholders $225 million in a settlement. AP has more. The SEC has issued a press release on the charges.

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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