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Sclavos deserves a lot of credit for taking Veri Sign where it is today,” Weller wrote.
“At the same time, we believe there are a fair amount of investors that question whether many of the visionary moves resulted in material growth.” The company paid billion to buy domain-name company Network Solutions in 2000, then split the business and sold part of it to a private equity firm in 2003 for 0 million, retaining a 15 percent stake.
Loss causation argument reviewed and upheld by 5th Circuit Appellate Court.
05/31/07) An article about Stratton Sclavos leaving Veri Sign included incorrect biographical information.
In November, the company said an internal investigation into option-granting practices from 2001 to 2005 revealed misdated options, and estimated the cost to the company at about 0 million.
Although Veri Sign said it would finish the review by the end of 2006, it has yet to be released.
and FMA has provided testimony at trial in four of the handful of securities fraud cases to go to trial since 1995.
Representative Engagements• Served as expert in an options backdating securities fraud class action case involving , including providing the class certification expert and rebuttal declarations which the Court cited positively in granting class certification.
An evasive conference call with financial analysts Tuesday left Wall Street puzzled as to why Sclavos, who has led Veri Sign since it spun off from RSA in 1995, walked out, and whether he did so willingly.