The former CEO of a public company once based in Melville is alleging his affair with an employee was used as a pretext to fire him last year after he questioned the accuracy of financial reports.
Ken A. Peterman, 68, of Encinitas, California, was fired by Comtech Telecommunications Corp. as its CEO, president and board chairman after nearly two years, according to a March 13, 2024, company announcement. Comtech still maintains an office in Melville but moved its headquarters to Arizona last year.
In two lawsuits filed in federal court in Manhattan and a regulatory complaint, Peterman alleges he angered the Comtech board by questioning the accuracy of revenue and pre-tax profit figures in earnings reports, potential conflicts of interest involving board members and other corporate governance issues.
Peterman, who calls himself a whistleblower in the court filings, said Comtech board director Lawrence J. Waldman, a well-known Long Island accountant, “orchestrated [the firing] in retaliation for Peterman’s whistleblowing.” Waldman allegedly used a “sham complaint” from Peterman’s former lover to have him terminated four days after the complaint came to light, state the filings.
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