Former Comverse Technology (CMVT.PK -3.5%) CEO Jacob Alexander will pay $54M to settle U.S....

|About: Comverse Tech Inc # (CMVT)|By:, SA News Editor

Former Comverse Technology (CMVT.PK -3.5%) CEO Jacob Alexander will pay $54M to settle U.S. government charges for backdating stock options. However, Alexander still fights extradition from Namibia, and troubled Comverse awaits a buyer for at least part of its business.