Check Point Expands Buyback by $2B While Facing Investor Lawsuit
Check Point’s board authorized a $2.0 billion expansion of its share repurchase program, adding to the $17.4 billion spent on 230 million shares since inception and enabling purchases via open-market, private transactions or Rule 10b5-1 plans funded by working capital. Separately, the Law Offices of Howard G. Smith launched an investigation into potential federal securities law violations following investor losses.
1. Board Expands Share Repurchase Authorization
Check Point’s board approved a $2.0 billion increase to its ongoing share repurchase program, which originally ran through July 2024 and saw 230 million shares bought back for $17.4 billion as of March 31, 2026. The expanded authorization permits open-market and privately negotiated repurchases, including Rule 10b5-1 plans, with timing and volume dependent on market conditions and funded from available working capital.
2. Law Firm Launches Securities Investigation
The Law Offices of Howard G. Smith initiated an investigation on behalf of shareholders who incurred losses in Check Point, examining possible violations of federal securities laws. The probe aims to assess whether any disclosures or corporate actions misled investors and contributed to declines in the company’s share price.