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March 14, 2005
Class Action Suit Against Hypercom
Cohen, Milstein, Hausfeld & Toll, P.L.L.C. filed a lawsuit against Hypercom Corporation
The complaint names as defendants Hypercom, Christopher S. Alexander (Chairman of the Board, President, and Chief Executive Officer), and John W. Smolak (Chief Financial Officer) (collectively "Defendants"). According to the complaint, Defendants violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market during the Class Period. Hypercom manufactures, designs, and sells end-to-end electronic payment solutions that include point-of-sale /point-of-transaction terminals, peripheral devices, transaction management systems and application software and provides related support and services.
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Posted on March 14, 2005 11:50 PM by admin.
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