Secure Computing Corporation supplies computer security products and services that protects users and data.

The original Complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price of the Company's stock.

On July 2, 2007, a Class Action Amended Complaint for Violations of Federal Securities Laws was filed. On August 16, 2007, the Defendants filed a motion to dismiss the Amended Complaint, and on March 4, 2008, the Court issued the order denying the Defendants’ motion to dismiss. On August 29, 2008, the lead Plaintiff filed a motion for class certification. On December 31, 2008, the lead Plaintiff filed a Stipulation of Settlement and motion for preliminary approval of the settlement. The proposed settlement is in the amount of $3,600,000 in cash.

On February 9, 2009, District Court Judge Samuel Conti granted the motion for preliminary approval of the settlement. A Settlement Hearing was to be held on June 26, 2009 to determine whether the Settlement, as set forth in the Stipulation, should be approved as fair, just, reasonable and adequate. On July 8, 2009, Judge Conti approved the settlement, the plan of allocation and granted the motion for attorney fees. The action was dismissed with prejudice.