CA shareholders must return funds

After waiting two years for their share of the $225-million restitution fund tied to a $2.2-billion accounting scandal, 88,444 CA Inc. shareholders were told this week that they had to return about 20% of their payment because of a math error. And 2,000 shareholders mistakenly got no money. The U.S. District Court in Brooklyn said return of the overpayments was mandatory.

The $59.2-million error was the result of a mistake by a firm working for the court-appointed fund administrator.

The company, Gilardi & Co. of Larkspur, Calif., has issued stop-payment orders on all uncashed checks.

For a shareholder with 900 shares of the company formerly known as Computer Associates, the restitution check amounted to about $1,000 and the amount that must be returned is $200.