A securities fraud complaint alleged false financial adjustments were made to a company’s accounts, and the district court dismissed it for failure to sufficiently allege scienter as to each of the defendants. The Ninth Circuit reversed, noting that viewed in isolation any one allegation may not compel an inference of scienter, but “when we consider the allegations holistically . . . the inference [is] that [the company and its chief executive officer and it chief financial officer] were deliberately reckless as to the truth of their financial reports and related public statements.” In Re: Verifone Holdings, Inc. Securities Litigation (Ninth Cir., December 21, 2012.) (Case No. 11-15860) Fed.Sec.L.Rep. (CCH) P97, 238.
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