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 firstname.lastname@example.org.
“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 nationwide.