Johnson Bottini, LLP Issues Notice to Shareholders of VeriFone Holdings, Inc

Business Wire, Dec 4, 2007

SAN DIEGO -- Johnson Bottini, LLP is investigating claims for securities fraud and breach of fiduciary duty against VeriFone Holdings, Inc. (NYSE:PAY) and its board members and executives in light of the Company's surprise announcement that it will restate earnings for the first nine months of 2007 and that the accounting errors will erase four-fifths of VeriFone's pre-tax profit for 2007.

Based upon its experience and analysis of VeriFone's admissions, Johnson Bottini, LLP believes that shareholders of VeriFone have class action claims against the Company and its executives and directors. The Company's unexpected admission of accounting errors has caused VeriFone's stock to decrease by 46% and has wiped out $1.79 billion from VeriFone's market value. If you are a shareholder of VeriFone, you may have standing to seek recovery for the damage to the value of your VeriFone stock. If you would like more information about your rights as a VeriFone shareholder, or if you have any information about these claims, please contact Frank A. Bottini, Esq. at 619-230-0063 or frankb@johnsonbottini.com. To learn more information about our firm or its attorneys, go to www.johnsonbottini.com.