San Diego, Sept. 13, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Verisign, Inc. (NASDAQ: VRSN) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible Verisign shareholder claims based on potential violations of the federal securities laws. Specifically the investigation concerns certain statements regarding Verisigns business, its prospects and its operations were materially false and misleading at the time they were made.

Even though Verisigns annual Total Revenue rose from $558.90 for 08, respectively $6145.95million for 09 to $680.58million in 2010, its annual Revenue fell from $850.51million in 2007 and its Net Income fell from $87.93million in 09 to $67.14million in 2010. Additionally, despite an increase in its second quarter Revenue from $167.88million last year to $189.84million this year, its second quarter Net Income fell from $35.21million for the second quarter in 2010 to a second quarter 2011 Net Loss of $10.61million.

Shares of Verisign, Inc. (Public, NASDAQ: VRSN) rose from as low as slightly above $18 in 2009 to over $37 per share in May 2011.
On September 8, 2011, VeriSign, Inc. (NASDAQ: VRSN) announced that its executive vice president and chief financial officer has resigned effective Sept. 7, 2011. The resignation of its CFO comes after
Verisign announced on July 28, 2011 that its president and chief executive officer submitted his resignation effective August 1, 2011.
Since May 2011 NASDAQ: VRSN stocks fell recently to slightly below $30 per share.