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Secure Computing Corporation Case 1/19/2007

  • If you purchased a significant amount of shares of this company you have certain options and for certain investors are short and strict deadlines running. Investors should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Secure Computing Corporation
Security
NASDAQ: SCUR

Case Name
Secure Computing Corporation Case 1/19/2007
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$3,600,000.00
Deadline to Participate in Settlement

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Summary

On February 9, 2009, District Court Judge Samuel Conti granted the motion for preliminary approval of the settlement. A Settlement Hearing will be held on June 26 2009, to determine whether the Settlement, as set forth in the Stipulation, should be approved as fair, just, reasonable and adequate.
<p align= justify >The original complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price.</p>

Date Settled