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Lie research prompted investigations

The Justice Department launched several stock options backdating investigations in 2006, but such cases were not the result of corporate fraud or task force enterprise. They were prompted, as even the department acknowledges, by the 2005 backdating study conducted by University of Iowa associate professor ERIK LIE and subsequent investigations by The Wall Street Journal. "We read about [Comverse Technology Inc.'s options backdating] in the Journal, and realized this was an issue we should be focused on," says Michael Asaro, the former Eastern District of New York Assistant U.S. Attorney, who handled the prosecution of three former Comverse executives. The American Lawyer is a monthly journal, published in New York and read by legal professionals and others.


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