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_______________
Copyright (c) 2001
Stanford Law School


VeriFone Holdings, Inc.
Summary: Several class action lawsuits have been filed on behalf of persons who purchased or otherwise acquired securities of VeriFone Holdings, Inc. The complaints allege that VeriFone and certain of its present and former officers violated the Securities Exchange Act of 1934 by issuing materially misleading statements regarding artificially high revenues.

Specifically, the complaint alleges that on December 3, 2007, VeriFone announced that it was restating its financial statements for the first three fiscal quarters of 2007, and that the previous statements could no longer be relied upon. In reaction to this news, VeriFone’s share price fell by 45% --or $22 per share -- on nearly 35 times its average trading volume.

A similar, class action complaint has also been filed in the U.S. District Court for the Southern District of Indiana.

INDUSTRY CLASSIFICATION:
SIC Code: 3578
Sector: Technology
Industry: Office Equipment


COMPANY/ISSUER NAME: VeriFone Holdings, Inc.
COMPANY/ISSUER TICKER: PAY
COMPANY WEBSITE: http://www.verifone.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Eichenholtz, et al. v. VeriFone Holdings, Inc., et al.
 COURT: N.D. California  DOCKET NUMBER: 07-CV-6140
 JUDGE NAME: Hon. Marilyn H. Patel
 DATE FILED: 12/05/2007  SOURCE: Notice of Filing
 CLASS PERIOD START: 03/01/2007  CLASS PERIOD END: 11/30/2007
 TYPE OF COMPLAINT: Unamended/Unconsolidated
 PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
  • Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
      One Liberty Square, Boston, MA, 02109
       (voice) 617.542.8300, (fax) ,
  • Cohen & Malad, LLP
      136 North Delaware - Suite 300, Indianapolis, IN, 46204
       (voice) 317.636.6481, (fax) 317.636.2593,
  • Coughlin Stoia Geller Rudman & Robbins LLP (San Diego)
      655 West Broadway, Suite 1900, San Diego, CA, 92101
       (voice) 619.231.1058, (fax) 619.231.7423,
  • Girard Gibbs LLP
      601 California Street, Suite 1400, San Francisco, CA, 94108
       (voice) 415.981.4800, (fax) 415.981.4846, mail@girardgibbs.com
  • Hagens Berman Sobol Shapiro LLP
      1301 Fifth Avenue, Suite 2900, Seattle, WA, 98101
       (voice) 206-623-7292, (fax) 206-623-0594, info@hbsslaw.com
  • Kahn Gauthier Swick, LLC
      12 East 41st Street, 12th Floor, New York, NY, 10016
       (voice) 212.920.4310, (fax) 212.696.3730, info@kglg.com
  • Kaplan Fox & Kilsheimer, LLP (San Francisco, CA)
      100 Pine Street, 26th Floor, San Francisco, CA, 94111
       (voice) 415.772.4700, (fax) 415.677.1233, info@kaplanfox.com
  • Klafter & Olsen LLP
      2121 K St., NW Suite 800, Washington, DC, 20037
       (voice) 202.261.3553, (fax) 202.261.3533, info@klafterolsen.com
  • Lockridge, Grindal, Nauen P.L.L.P.
      Suite 301, 660 Pennsylvania Avenue Southeast, Washington, DC, 20003-4335
       (voice) 202.544.9840, (fax) 202.544.9850,
  • Sarraf Gentile LLP
      485 Seventh Avenue, Suite 1005, New York, NY, 10018
       (voice) 212.868.3610, (fax) 212.918.7967,
  • Schatz Nobel Izard P.C.
      One Corporate Center, 20 Church Street , Hartford, CT,
       (voice) 860.493.6292, (fax) 860.493.6290, info@snlaw.net
  • Schiffrin Barroway Topaz & Kessler, LLP
       280 King of Prussia Road, Radnor, PA, 19087
       (voice) 610.667.7706, (fax) 610.667.7056, info@sbtklaw.com
    _____________________________________________
     TOTAL NUMBER OF PLAINTIFF FIRMS:  12

  •  DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
    Class Action Complaint For Violations Of Federal Securities Laws
    Type: Complaint Date on the document: 12/4/2007
    U.S. District Court Civil Docket
    Type: Docket Date on the document: 12/5/2007

     OTHER DOCUMENTS
    Class Action Complaint for Violation of Federal Securities Laws - Jury Trial Demanded
    Case Name and/or Number: Peter Lien, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/06/2007
    Class Action Complaint for Violation of the Federal Securities Laws - Demand for Jury Trial
    Case Name and/or Number: Vaughn, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/06/2007
    Class Action Complaint
    Case Name and/or Number: Peter A. Kraft, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/07/2007
    Class Action Complaint for Violations of Federal Securities Laws - Jury Trial Demanded
    Case Name and/or Number: Albert L. Feldman, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/07/2007
    U.S. District Court Civil Docket
    Case Name and/or Number: Albert L. Feldman, et al. v. VeriFone Holdings, Inc., et al.
    Type: Docket Date on the document: 12/07/2007
    Class Action Complaint - Jury Trial Demanded
    Case Name and/or Number: Donald Cerini, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/10/2007
    Class Action Complaint - Jury Trial Demanded
    Case Name and/or Number: Kurt Hill, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/10/2007
    Class Action Complaint for Violation of Federal Securities Laws - Jury Trial Demanded
    Case Name and/or Number: Westend Capital Management LLC, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/10/2007
    U.S. District Court Civil Docket
    Case Name and/or Number: Kurt Hill, et al. v. VeriFone Holdings, Inc., et al.
    Type: Docket Date on the document: 12/10/2007
    Class Action Complaint for Violations of Federal Securities Laws - Demand for Jury Trial
    Case Name and/or Number: Daniel Offutt, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 12/11/2007
    Class Action Complaint - Jury Trial Demanded
    Case Name and/or Number: Edward Feitel, et al. v. VeriFone Holdings, Inc., et al.
    Type: Complaint Date on the document: 01/07/2008

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