NEW YORK, Sept. 1, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential misconduct at CA, Inc. ("CA" or the
"Company").
The investigation focuses on the role of the Company's officers
and directors in defrauding the General Services Administration
("GSA") and other federal agencies in connection with the defective
pricing of computer software products and
maintenance. Specifically it has been alleged that the Company
provided inaccurate commercial discounting information to the GSA
during contract negotiations and that, as a result, the GSA's
contract discount was lower than it otherwise would have been. In
addition, it is alleged that the Company failed to apply the full
negotiated discount in some instances and to pay sufficient rebates
pursuant to the contract's price reduction clause.
As a result of these allegations, the Company now faces a
whistleblower suit in which the plaintiff seeks excess of
$100 million. Additionally, the GSA,
based on these allegations issued a show cause letter to the
Company, which may result in CA becoming ineligible from receiving
any future government contracts. Government contracts account for
8% of the Company's revenue and their termination "could materially
adversely affect [the Company's] business, financial condition,
operating results and cash flow" according to the Company's most
recent annual report.
Request more information now by clicking here:
www.faruqilaw.com/CA. There is no cost or obligation to
you.
Take Action
If you currently own CA stock and would like to discuss your
legal rights, please visit www.faruqilaw.com/CA. You can also
contact us by calling Stuart Guber
toll free at (215) 277-5770 or by sending an e-mail to
sguber@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding CA's conduct to
contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Attn: Stuart Guber
sguber@faruqilaw.com
Telephone: (215) 277-5770
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