Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Verisign, Inc.    VRSN

Delayed Quote. Delayed  - 04/28 03:48:31 pm
90.48 USD   +2.20%
02:04p VERISIGN : beats Street 1Q forecasts
04/27 VERISIGN : beats Street 1Q forecasts
04/27 VERISIGN : Reports First Quarter 2017 Results
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Verisign, Inc. : VeriSign Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Possible Breaches of Fiduciary Duty

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/18/2013 | 09:40pm CEST

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of VeriSign, Inc. ("VeriSign" or "Company") (NASDAQ: VRSN) related to potential securities violations between June 25, 2012 and October 25, 2012 (the "Class Period").

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [email protected], or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected]. There is no cost or fee to you.

In a recently filed federal class action complaint, VeriSign and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants' misrepresented and/or failed to disclose that: (a) challenges to the Company's registry pricing scheme that defendants knew about but concealed from the market made it more likely than not that the U.S. DOJ and Department of Commerce would demand price concessions in exchange for leaving VeriSign in charge of operating the .com and .net networks; (b) VeriSign's growth in domain name registrations was in decline; (c) VeriSign was relying heavily on revenues from "parking" websites and other dubious websites focused on drawing in and monetizing traffic, rather than in providing cogent business leads; (d) Defendants knew that Google and other Internet search engines had been tweaking their algorithms to improve the quality of their search results by ranking lower subpar quality websites, such as those which are not updated often or provided little or no content; (e) Subpar domain name owners had stopped renewing their agreements with VeriSign as a result of the Internet search engine's efforts to discourage them by demonetizing their practices; and (f) as a result, Defendants knew VeriSign's fiscal year 2012 earnings guidance was not attainable. According to the complaint, when VeriSign finally reported this news and the financial results for its third fiscal quarter of 2012, VRSN shares dropped dramatically.

"Recent revelations about alleged improper business practices and procedures regarding key aspects of VeriSign's business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by VeriSign's officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of VeriSign/VRSN stock for all shareholders," said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
[email protected]
or
Powers Taylor, LLP
Zachary Groover, 877-728-9607
[email protected]


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VERISIGN, INC.
02:04p VERISIGN : beats Street 1Q forecasts
04/27 VERISIGN IN : CA MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND..
04/27 VERISIGN : beats Street 1Q forecasts
04/27 VERISIGN INC/CA : Results of Operations and Financial Condition, Financial State..
04/27 VERISIGN : Reports First Quarter 2017 Results
04/27 VERISIGN, INC. : Investor Network: VeriSign, Inc. to Host Earnings Call
04/26 VERISIGN : Technical Reports on Internet Information Providers Equities -- 58.co..
04/15 CYBERSECURITY EXPERT TELLS NAPLES AU : 'Odds are you're going to get hacked'
04/03 VERISIGN : to Report First Quarter 2017 Financial Results
03/21 Google and sister company to offer cyber security to election groups
More news
Sector news : IT Services & Consulting - NEC
04/26 French stocks hit nine-month high as earnings power European shares
04/25DJWIPRO : March Quarter Net Profit Up 0.4% at $351.8 Million
04/24 Microsoft's Nadella banks on LinkedIn data to challenge Salesforce
04/24DJINTERNATIONAL BUSINESS MACHINES : IBM Tests Watson Technology to Keep Eye on Tra..
04/21 Lufthansa, Air France departures briefly hit by computer outage
More sector news : IT Services & Consulting - NEC
News from SeekingAlpha
04/27 VeriSign, Inc. 2017 Q1 - Results - Earnings Call Slides
04/27 VeriSign (VRSN) Q1 2017 Results - Earnings Call Transcript
04/27 VeriSign beats by $0.02, beats on revenue
04/26 Notable earnings after Thursday?s close
04/18 VeriSign Stock Repurchase Capacity
Advertisement
Financials ($)
Sales 2017 1 152 M
EBIT 2017 745 M
Net income 2017 443 M
Finance 2017 85,7 M
Yield 2017 -
P/E ratio 2017 24,54
P/E ratio 2018 22,43
EV / Sales 2017 7,75x
EV / Sales 2018 6,35x
Capitalization 9 016 M
More Financials
Chart VERISIGN, INC.
Duration : Period :
Verisign, Inc. Technical Analysis Chart | VRSN | US92343E1029 | 4-Traders
Full-screen chart
Technical analysis trends VERISIGN, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 88,3 $
Spread / Average Target -0,32%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
D. James Bidzos Executive Chairman, President & CEO
Todd B. Strubbe Chief Operating Officer & Executive Vice President
George E. Kilguss CFO, Principal Accounting Officer & SVP
Burt Kaliski Chief Technology Officer & Senior Vice President
Roger H. Moore Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VERISIGN, INC.16.38%9 016
ACCENTURE PLC2.87%77 972
TATA CONSULTANCY SERVI..-2.39%70 649
AUTOMATIC DATA PROCESS..2.32%47 445
VMWARE, INC.19.71%38 331
COGNIZANT TECHNOLOGY S..6.55%35 163
More Results