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Securities

Nov. 14, 2009

Judge Rejects Challenge to SEC Settlement With Verifone

A federal judge shot down a request on Thursday to reject a Securities and Exchange Commission settlement plaintiff lawyers viewed as too lenient.

By Gabe Friedman

Daily Journal Staff Writer

A federal judge shot down a request on Thursday to reject a Securities and Exchange Commission settlement plaintiff lawyers viewed as too lenient.

The dispute concerns the SEC's September settlement with Verifone Holdings Inc. and its former controller, who agreed to pay a $25,000 fine for falsifying accounting statements in 2007 to boost reported revenues.

Coughlin...

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