Hypercom Corp.

Shareholders tried to amend a dismissed class action against the electronic payment terminals and software company alleging securities fraud. The case was filed against Hypercom and its former chief financial officer, John Smolak, after it restated results for the first three quarters of 2004 following incorrect lease accounting. A U.S. District court in Arizona dismissed the complaint with prejudice because plaintiffs failed to state claims under federal securities law. (Jul-07-06) [PHOENIX BUSINESS JOURNAL]