In Re Verisign, Inc., Derivative Litigation

ORDER GRANTING MOTIONS TO DISMISS; ORDER GRANTING MOTION TO COMPEL ARBITRATION

The motions of nominal defendant Veri-Sign, Inc. (“VeriSign”) and the twenty-two individual defendants for an order dismissing the consolidated amended complaint, and the motion of defendant KPMG LLP (“KMPG”) for an order compelling arbitration came on for hearing before this court on May 23, 2007. Plaintiffs appeared by their counsel Francis M. Gregorek, Marisa C. Livesay, Stephen R. Basser, and John L. Haurssler; VeriSign appeared by its counsel Christopher H. McGrath, Brian Davis, and Thomas Zaccaro; the individual defendants appeared by their counsel Steven Kaufhold; and KPMG appeared by its counsel Dale E. Barnes and Stephanie L. Thomases. Having read the parties’ papers and carefully considered their arguments and the relevant legal authority, and good cause appearing, the court hereby GRANTS VeriSign’s motion and KMPG’s motion, and GRANTS the individual defendants’ motion in part and DENIES it in part.

BACKGROUND

This is a shareholder derivative action brought on behalf of nominal defendant VeriSign (“the Company”) against certain former and current officers and directors of VeriSign and…