Branham Law, LLP Investigating VeriFone over Insider Trading Policies
DALLAS -- January 10, 2013
Branham Law, LLP has launched an investigation of the circumstances
surrounding possible improper trading by Douglas Bergeron, VeriFone’s CEO. The
Securities and Exchange Commission is examining trading by this VeriFone, Inc.
(NYSE: PAY) executive. The Wall Street Journal reported that both the United
States Attorney and the SEC are reviewing the decision of Mr. Bergeron’s
decision to set up a trading plan, known in the industry, as a 10b5-1 plan in
January, 2011, several weeks before his stock sale.
If you are a VeriFone shareholder or have information which may be useful in
our investigation, please contact Trey Branham at Branham Law, LLP, toll free
(855) 722-5910, or via email at email@example.com.
“As always, the specter of insider trading should concern company
shareholders,” said shareholder attorney Trey Branham. “If company executives
had insider knowledge and arranged to sell stock without disclosing such
knowledge, we will seek to hold those executives responsible and ensure that
the company has the appropriate safeguards in place to prevent such actions in
the future,” concluded Branham.
Branham Law, LLP has significant experience in shareholder representation
Branham Law, LLP
Charles W. Branham, III, 855-722-5910
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