DENVER, Oct. 19, 2006 (PRIMEZONE) -- The law firm of Shuman & Berens LLP (www.shumanberens.com) today encouraged persons who currently own the common stock of SafeNet Inc. (Nasdaq:SFNT) to contact Kip B. Shuman of Shuman & Berens LLP at 1-800-711-6483, or via email at Kip@shumanberens.com, concerning their rights and interests regarding possible stock option backdating at the company.
Shuman & Berens LLP is investigating the possible backdating of SafeNet Inc. stock options granted to company employees. On September 18, 2006, the company announced that it will restate its prior financial statements for the periods from 2000 through March 31, 2006, to correctly account for improperly dated stock options. On October 18, 2006, the company announced that its Chairman and Chief Executive Officer, and acting Chief Financial Officer, would leave the Company as a result of an inquiry into the prior granting of stock options.
For a free consultation regarding your rights and interests with respect to your SafeNet Inc. stockholdings, you may contact Kip B. Shuman of Shuman & Berens LLP at 1-800-711-6483, or via email at Kip@shumanberens.com
Shuman & Berens LLP attorneys have extensive experience in prosecuting shareholder litigation and have played significant roles in securities actions throughout the nation, resulting in substantial recoveries to investors. For more information about Shuman & Berens LLP go to www.shumanberens.com