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Stephen Richards, the former top sales executive at CA Inc. who was given a seven-year prison term after pleading guilty to securities fraud at the software company, was resentenced to time served.
U.S. District Judge I. Leo Glasser in Brooklyn, New York, resentenced Richards at a hearing today after an appeals panel reversed his original punishment. Richards, 45, participated in the hearing by phone from prison in Taft, California, which he entered on Feb. 27, 2007.