Forum for Shareholders of CA, Inc.

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Forum activities relating to CA, Inc. are temporarily suspended pending release of a court-appointed Examiner's report on management compliance with a Deferred Prosecution Agreement.

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For a copy of the referenced Plan with its exhibits and the approving court order, see



CA Forum Report


Administrator’s Plan for Restitution Fund


            The Administrator of the CA Restitution Fund, Kenneth R. Feinberg, reported that his June 28, 2005 proposed “Plan” has been approved by the United States Attorney’s Office and submitted to the court for review, as required by the Deferred Prosecution Agreement.


            A copy of the Plan has therefore been made available for Forum participants.  Its text can be downloaded from the link below, and copies of the referenced exhibits can be provided upon request.



            Investor issues which the Administrator had asked the Forum to review, as summarized in the March 15, 2005 Forum Report and supplemental March 22 explanation of the “ownership” or “holder” basis for restitution, are addressed on page 2 of the Plan.  In summary, the Administrator has concluded that the “issues raised regarding damages to holders merit serious debate by shareholders, companies, the government, and ultimately Congress,” but that “the debate has not yet advanced to the point where this Restitution Fund should be allocated pursuant to the suggested models.”


            Forum participants interested in the rights of shareholders to recover “ownership” or “holder” damages resulting from impairment of investment value, as distinguished from “trading” damage resulting from fraudulent inflation of purchase prices, are encouraged to direct their attention constructively to the development of policies that can be considered in relation to future restitution funds.


GL – 7/29/05



The Forum is open to all Computer Associates ("CA") shareholders, whether institutional or individual, and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, as described in the Forum Summary.

There is no charge for participation.  As stated in the Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to

The material presented on this web site is published by Gary Lutin, as chairman of the Shareholder Forum.