June 9, 2016 - The lead plaintiffs filed a notice of appeal.
June 6, 2016 - The court entered a judgement in favor of the defendants and dismissed the case with prejudice.

March 29, 2016 - The court granted defendants' motion to dismiss with leave to amend.

December 8, 2014 - The defendants filed a motion to dismiss.

October 8, 2014 - The lead plaintiffs filed a second amended complaint.

August 8, 2014 - The court granted the defendants' motion to dismiss and granted plaintiffs leave to file an amended complaint.

February 14, 2014 - Defendants filed a motion to dismiss.

December 16, 2013 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased Verifone Systems Inc (NYSE: PAY) common shares between December 14, 2011 and February 20, 2013. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between December 14, 2011 and February 20, 2013.

October 7, 2013 - The lead plaintiffs and lead counsel were appointed.

May 6, 2013 - Lead plaintiff motions were filed.

March 7, 2013 - An investor in shares of Verifone Systems Inc (NYSE: PAY) filed a lawsuit in the U.S. District Court for the Northern District of California against Verifone Systems Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between December 14, 2011 and February 19, 2013.

According to the complaint the plaintiff alleges on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Verifone Systems Inc (NYSE: PAY) between December 14, 2011 and February 19, 2013, that Verifone Systems Inc, formerly Verifone Holdings Inc, and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by issuing between December 14, 2011 and February 19, 2013 as series of materially false and misleading statements regarding the company's revenues and operations.

Verifone Systems Inc reported that its total revenue rose from $844.71 million for the 12 months period that ended on October 31, 2009 to over $1.3 billion for the 12 months period that ended on October 31, 2011 and that its net loss of $157.46 million for the 12 months period that ended on October 31, 2009 turned into a net income of $282.40 million for the 12 months period that ended on October 31, 2011.

Shares of Verifone Systems Inc (NYSE: PAY) grew from as low as $4.02 per share in March 2009 to as high as $54.40 per share in April 2012.

On February 4, 2013, Verifone Systems Inc announced the retirement of its Chief Financial Officer, as well as its vice chairman, Ellmore Waller. Robert Dykes was named as Verifone Systems Inc's new CFO.

Verifone Systems Inc (NYSE: PAY) stock declined $0.87 per share.

Then on February 20, 2013, Verifone Systems Inc announced certain preliminary financial results for its first fiscal quarter of 2013.

Verifone Systems Inc (NYSE: PAY) shares declined from $32.13 per share on February 20, 2013, to $18.01 per share on February 21, 2013.

On March 7, 2013, Verifone Systems Inc (NYSE: PAY) shares closed at $20.61 per share, which is less than half its current 52 week high of $55.89 per share.