December 03, 2015
A California federal judge on Thursday for a second time tossed a derivative suit accusing several current and former VeriFone Systems Inc. top executives and board members of failing to take action on insufficient internal controls, saying that the shareholder did not provide enough specifics to show that a majority of the board knew of alleged problems.
August 08, 2014
A California federal judge on Thursday tossed a derivative suit accusing VeriFone Systems Inc.'s top brass of ignoring years of red flags indicating the company had insufficient internal controls, finding that the plaintiff couldn't prove they had acted in bad faith.