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Verisign, Inc. (NASDAQ:VRSN) Investor files Lawsuit over alleged Misleading Statements

A lawsuit was filed for certain investors in shares of Verisign, Inc. (NASDAQ:VRSN). Deadline: March 18, 2013 and NASDAQ:VRSN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

FOR IMMEDIATE RELEASE

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog (Press Release) - Feb. 11, 2013 - An investor in shares of Verisign, Inc. (NASDAQ:VRSN) filed a lawsuit in the U.S. District Court for the Eastern District of Virginia over alleged violations of Federal Securities Laws by Verisign, Inc. in connection certain allegedly false and misleading statements.

If you purchased shares of Verisign, Inc. (NASDAQ:VRSN) between June 25, 2012 and October 25, 2012, you have certain options and there are short and strict deadlines running. Deadline: March 18, 2013. NASDAQ:VRSN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased the common stock of Verisign, Inc. (NASDAQ:VRSN) between June 25, 2012 and October 25, 2012, that Verisign, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 . Specifically, the plaintiff alleges that between June 25, 2012 and October 25, 2012, defendants allegedly highlighted the purported strong growth in VeriSign’s domain name registrations and led the market to believe that 2012 third quarter renewals were progressing with equal vigor.

However, then on October 25, 2012, Verisign, Inc. (NASDAQ:VRSN) announced its third quarter 2012 financial results.  Among other things, Verisign, Inc also said that as a result of communications beginning in October 2012 with the Commerce Department, Verisign, Inc has concluded that the Commerce Department may not complete its review and approve the renewal of the .com Registry Agreement prior to its expiration on Nov. 30, 2012, and that the Commerce Department, together with the Department of Justice, is reviewing the .com Registry Agreement's pricing terms.

On November 30, 2012, VeriSign, Inc. (NASDAQ: VRSN) announced that the U.S. Department of Commerce approved the renewal of Verisign's agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) to serve as the authoritative registry operator for the .com registry for the term commencing on Dec. 1, 2012 through Nov. 30, 2018 with certain new terms and conditions.

Shares of Verisign, Inc. (NASDAQ:VRSN) declined from almost $50 in early October 2012 to as low as $33.11 per share on November 30, 2012.

On Jan. 16, 2013, NASDAQ:VRSN closed at $39.25 per share.

Those who purchased shares of Verisign, Inc. (NASDAQ:VRSN) between June 25, 2012 and October 25, 2012, have certain options and there are short and strict deadlines running. Deadline: March 18, 2013. NASDAQ:VRSN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Business, Finance
Tags:verisign, NASDAQ:VRSN, class action, securities class action, lawsuit
Shortcut:prlog.org/12077007
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