U.S. Court of Appeals for the 9th Circuit
Dec. 25, 2012
9th Circuit revives securities fraud case
In a class action over alleged securities fraud, a 9th Circuit panel on Friday reversed U.S. District Judge Marilyn Hall Patel of San Francisco and revived most of the plaintiffs' case.
By John Roemer
Daily Journal Staff Writer
In a class action over alleged securities fraud, a 9th Circuit panel on Friday reversed U.S. District Judge Marilyn Hall Patel of San Francisco and revived most of the plaintiffs' case. The plaintiffs claim that officers of San Jose-based electronic payments device maker VeriFone Holdings Inc. ordered subordinates to fake numbers in three quarterly earnings reports, resulting in multimillion dollar errors that misled investors. Patel...
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