National Elevator Industry Pension Fund v. VeriFone Holdings, Inc.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
McKEOWN, Circuit Judge:
This case invokes the old adage that the sum is greater than the parts. National Elevator Industry Pension Fund (“National Elevator”), lead plaintiff on behalf of investors who purchased VeriFone Holdings, Inc. (“VeriFone”) stock between August 31, 2006 and April 1, 2008, appeals the dismissal of its securities fraud class action. National Elevator alleged that Veri-Fone, Douglas Bergeron (the company’s Chief Executive Officer and former Chairman of the Board of Directors), and Barry Zwarenstein (the company’s former Chief Financial Officer and Executive Vice…
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