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BUSINESS
May 1, 1999 | Dow Jones
An Irvine man has settled securities regulators' allegations that he and another executive at California Micro Devices Corp. falsified records and traded on inside information. Without admitting or denying the allegations, Deepak Kulkarni of Irvine agreed to repay $30,710 in allegedly ill-gotten gains, plus nearly $27,000 in interest and penalty charges. The other executive, Ashok Chalaka of Milpitas, Calif., agreed to repay $128,933, plus more than $82,000 in interest and penalties.
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BUSINESS
May 1, 1999 | Dow Jones
An Irvine man has settled securities regulators' allegations that he and another executive at California Micro Devices Corp. falsified records and traded on inside information. Without admitting or denying the allegations, Deepak Kulkarni of Irvine agreed to repay $30,710 in allegedly ill-gotten gains, plus nearly $27,000 in interest and penalty charges. The other executive, Ashok Chalaka of Milpitas, Calif., agreed to repay $128,933, plus more than $82,000 in interest and penalties.
BUSINESS
December 3, 1994 | From Times Staff and Wire Reports
California Micro Devices Fires Four Top Officials: The silicon chip maker said it fired the executives in connection with an investigation of alleged accounting irregularities. Vice Chairman and former Chief Executive Chan M. Desaigoudar and President Suren Gupta were among the executives fired Thursday evening. The company's board also requested Desaigoudar's resignation as a director. Also dismissed were Ronald A. Romito, chief accounting officer, and Ashok A.
BUSINESS
December 3, 1994 | From Times Staff and Wire Reports
California Micro Devices Fires Four Top Officials: The silicon chip maker said it fired the executives in connection with an investigation of alleged accounting irregularities. Vice Chairman and former Chief Executive Chan M. Desaigoudar and President Suren Gupta were among the executives fired Thursday evening. The company's board also requested Desaigoudar's resignation as a director. Also dismissed were Ronald A. Romito, chief accounting officer, and Ashok A.
BUSINESS
April 13, 1987
Robert F. Graham, president and CEO of Novellus Systems Inc., has been elected a director of California Micro Devices Corp., Milpitas.
BUSINESS
August 11, 1999
* The Securities and Exchange Commission charged two former Coopers & Lybrand accountants with reckless conduct for their 1994 audit of California Micro Devices Corp., whose top executives later faced charges of insider trading. But Michael Perlis, the Los Angeles-based attorney representing Michael Marrie and Brian Berry, said his clients conducted the audit at the semiconductor component maker in accordance with generally accepted standards.
BUSINESS
June 5, 1998 | Associated Press
A former president of Milpitas-based California Micro Devices Corp. has pleaded guilty to securities fraud at the start of his trial, prompting a federal judge to declare a mistrial against two other executives. Surendra Gupta was one of several former Cal Micro executives accused of inflating the company's revenue statements to boost stock prices. The former chief accounting officer, Ronald Romito, pleaded guilty to insider trading in December 1995.
BUSINESS
March 11, 1997 | Times Staff and Wire Reports
California Micro Devices Corp. said a federal judge approved a $13-million settlement to end 10 class-action shareholder lawsuits filed against the company in 1994, when its stock price plunged. The maker of electronic components said Judge Vaughn Walker of the U.S. District Court in San Francisco agreed to the cash and stock settlement, which was amended in September to provide shareholders more cash. Walker had rejected the previous offer, saying it didn't include enough cash.
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