Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)
04 January 2014 - 9:37AM
Marketwired
Federman & Sherwood Announces Filing of Securities Class Action
Lawsuit Against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)
OKLAHOMA CITY, OK--(Marketwired - Jan 3, 2014) - On December 26,
2013, a class action lawsuit was filed in the United States
District Court for the Southern District of New York against Net 1
UEPS Technologies, Inc. (NASDAQ: UEPS). The complaint alleges
violations of federal securities laws, Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 and Rule 10b-5, including
allegations of issuing a series of material or false
misrepresentations to the market which had the effect of
artificially inflating the market price during the Class Period,
which is August 27, 2009 through November 27, 2013.
Plaintiff seeks to recover damages on behalf of all Net 1 UEPS
Technologies, Inc. shareholders who purchased common stock during
the Class Period and are therefore a member of the Class as
described above. You may move the Court no later than Monday,
February 24, 2014 to serve as a lead plaintiff for the entire
Class. However, in order to do so, you must meet certain legal
requirements pursuant to the Private Securities Litigation Reform
Act of 1995.
If you wish to discuss this action, obtain further information
and participate in this or any other securities litigation, or
should you have any questions or concerns regarding this notice or
preservation of your rights, please contact:
K. Lynn Nunn FEDERMAN & SHERWOOD 10205 North Pennsylvania
Avenue Oklahoma City, OK 73120 Email to: kln@federmanlaw.com Or,
visit the firm's website at www.federmanlaw.com
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