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Zoumboulaskis v. McGinn et al
Case Number:
5:13-cv-02379
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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December 03, 2015
VeriFone Brass Dodge Investor Suit For The 2nd Time
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.
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August 08, 2014
VeriFone Brass Duck Investor Suit Over Internal Controls
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.