CA filed suit against [former CEO] Sanjay Kumar earlier this month in New York State Supreme Court claiming that as a result of Kumar's guilty plea he is no longer entitled to indemnification by CA.
According to the suit, the company believes Kumar "has taken and will continue to take steps to frustrate its ability" to recoup its legal fees, hence the motion to lay claim to Kumar's assets. The assets under claim include: a 57-foot Azimut pleasure boat, a 1999 Ferrari 550 Maranello car, a 2001 Ferrari 550 Maranello, a 2004 Land Rover, a 2004 Volvo XC90, and bank accounts at JP Morgan Chase Bank. The order also attached $9 million the company says Kumar is owed from Charles Wang, the founder of CA, for Kumar's interest in the New York Islanders hockey club, as well as the Kumar house in Upper Brookville, N.Y. http://searchcio.techtarget.com/originalContent/0,289142,sid19_gci1231202,00.html ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Introducing the Fusion Authority Quarterly Update. 80 pages of hard-hitting, up-to-date ColdFusion information by your peers, delivered to your door four times a year. http://www.fusionauthority.com/quarterly Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:221203 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
