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VeriSign Gets Subpoena
MOUNTAIN VIEW, Calif. -- On June 26, 2006, VeriSign, Inc. received a grand jury subpoena from the U.S. Attorney for the Northern District of California requesting documents relating to VeriSign's stock option grants and practices. VeriSign intends to cooperate fully with the U.S. Attorney's Office in connection with this subpoena.
VeriSign has also received an informal inquiry from the Securities and Exchange Commission requesting documents related to VeriSign's stock option grants and practices. VeriSign is voluntarily responding to this request and intends to cooperate fully with the Securities and Exchange Commission.
Prior to receiving either of these requests, VeriSign's Board of Directors had commenced an internal review and analysis of VeriSign's historical stock option grants. This internal review is continuing. The Board of Directors is being assisted in its review by independent legal counsel.
VeriSign Inc. (Nasdaq: VRSN)