Net 1 UEPS Technologies, Inc.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) from September 12, 2018 through November 8, 2018 (the “Class Period”). The lawsuit seeks to recover damages for Net 1 UEPS Technologies, Inc. investors under the federal securities laws.
If you bought Net 1 UEPS Technologies, Inc. securities between September 12, 2018 through November 8, 2018, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Net 1 UEPS Technologies, Inc. – UEPS
New York, N.Y., December 8, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) between September 12, 2018 and November 8, 2018, inclusive (the “Class Period”).
To join the UEPS class action, go to http://zhanginvestorlaw.com/cases/net-1-ueps-technologies-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE LEAD PLAINTIFF IN ORDER TO SECURE A RECOVERY.
According to the lawsuit, throughout the Class Period (1) the Company lacked effective internal control over financial reporting; (2) the Company had misclassified its investment in Cell C Proprietary Limited; (3) the Company’s financial statements for the fiscal year 2018 were overstating its income; and (4) as a result, UEPS’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/net-1-ueps-technologies-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.