Securities
Mar. 12, 2011
Verifone Shareholder Suit Dismissed
A federal judge in San Francisco dismissed with prejudice the securities fraud class action pending since 2007 against a group of Verifone Holdings Inc. executives, including its former chief financial officer.
Daily Journal Staff Writer
A federal judge in San Francisco dismissed with prejudice the securities fraud class action pending since 2007 against a group of Verifone Holdings Inc. executives, including its former chief financial officer.
The shareholders' lawsuit accused executives of intentionally cooking their books, which they alleged resulted in a 46 percent drop in the stock, an approximately $1.8 billion loss, when ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In