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  "documentTitle": "Verint Systems, Inc. (VRNT)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "To us, the Audit Committee’s characterization of Verint’s and Bodner’s actions as “not best business practice” is a gross understatement. Under no circumstances would we be comfortable investing in a company and management team which has structured customer agreements to manufacture more gradual sales growth and which has purposefully inflated accounting reserves. In the Audit Committee’s judgment, Bodner and the Company “did not participate in unlawful activities or wrongful conduct,” but, given the nature of the claims, we wonder just close they came to breaking the law.",
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