WAYNE, Pa., Jan. 28, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/pay) is investigating potential claims against the board of directors of VeriFone Systems, Inc. ("VeriFone" or the "Company") (NYSE: PAY) concerning possible breaches of fiduciary duty and other violations of law related to possible improper trading by Douglas Bergeron, VeriFone's CEO.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the improper trading by certain Company executives. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/pay.
According to a report in The Wall Street Journal, both the United States Attorney and the SEC are reviewing the decision of Mr. Bergeron's decision to set up a trading plan (or 10b5-1 plan) in January, 2011, several weeks before his stock sale.
If you own shares of VeriFone and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/pay. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
SOURCE Ryan & Maniskas, LLP