Judge Names Lead Plaintiff In VeriFone Class Action

Law360, New York (August 26, 2008, 12:00 AM EDT) -- A federal judge has named National Elevator Fund the lead plaintiff and Coughlin Stoia Geller Rudman & Robbins LLP the lead counsel in consolidated litigation that consists of nine securities fraud class actions accusing VeriFone Holdings Inc. and its chief officers of artificially inflating the company’s stock price.

Judge Marilyn Hall Patel of the U.S. District Court for the Northern District of California whittled the six sets of plaintiffs seeking lead status to three serious contenders before selecting National Elevator Fund as the best putative class...
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