Goldfarb Branham Law Firm LLP Investigating Veraz Networks for Shareholders Due to U.S. Government Probe
July 07 2010 - 12:28PM
Business Wire
Goldfarb Branham LLP is investigating Veraz Networks (NASDAQ:
VRAZ) for shareholders due to a U.S. Government probe into
violations of the Foreign Corrupt Practices Act. Concerned
shareholders are urged to contact attorney Hamilton Lindley at
877-583-2855 or hlindley@goldfarbbranham.com for information about
this investigation.
“Veraz recently settled an SEC complaint against the company for
violating provisions of the Foreign Corrupt Practices Act,” stated
attorney Hamilton Lindley. “The violations stemmed from improper
payments made by Veraz to foreign officials in China and Vietnam.
As a result, the company has paid a $300,000 settlement to the SEC
and spent $2.5 million to investigate the FCPA violations.”
Goldfarb Branham LLP is investigating a derivative lawsuit
against company executives for allowing this scheme to occur.
Derivative lawsuits often lead to restored confidence in companies
involved in scandals and increased shareholder value. Contact
attorney Hamilton Lindley at 877-583-2855 or
hlindley@goldfarbbranham.com. Lawyers at Goldfarb Branham LLP have
significant experience litigating derivative cases and other
shareholder lawsuits nationwide.
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