Holzer Holzer & Fistel, LLC Announces Investigation into VeriSign, Inc.
ATLANTA--(BUSINESS WIRE)-- Holzer Holzer & Fistel, LLC is investigating whether VeriSign, Inc. ("VeriSign" or the "Company") (NAS: VRSN) and/or its officers or directors have violated the federal securities laws. The investigation focuses on whether a series of statements made between June 25, 2012 and October 25, 2012, inclusive regarding the Company's business, its prospects and its operations were materially false and misleading at the time they were made. On October 25, 2012, the Company announced its financial results for its third quarter of 2012 and revealed that the Department of Justice was reviewing VeriSign's domain name pricing arrangements and VeriSign believed it would be unlikely to receive approval of the new agreement before it expired. VeriSign also disclosed that its quarterly sales were negatively impacted by the non-renewal of certain domain names following industry efforts to eliminate "parking" and other dubious websites from search engine results, and it lowered its 2012 revenue outlook. VeriSign's stock price declined significantly on the announcement.
If you purchased VeriSign common stock between June 25, 2012 and October 25, 2012 and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at firstname.lastname@example.org, or email@example.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
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