[September 02, 2015] |
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GPM Reminds Investors of the Upcoming Deadline in the Class Action Lawsuit Against EZCORP, Inc.
Glancy
Prongay & Murray LLP ("GPM") reminds investors of the September
18, 2015 deadline to file a lead plaintiff motion in the class
action filed on behalf of a class (the "Class") of purchasers of the
securities of EZCORP, Inc. ("EZCORP" or the "Company") (Nasdaq: EZPW)
between October 27, 2014 and July 16, 2015, inclusive (the "Class
Period").
EZCORP delivers cash solutions to customers across channels, products,
services and markets. With approximately 1,400 locations and branches,
the Company offers customers multiple ways to access instant cash,
including pawn loans and consumer loans in the United States, Mexico,
Canada and the United Kingdom. The Company offers these products through
four primary channels: in-store, online, at the worksite, and through a
mobile platform.
The complaint alleges that throughout the Class Period, defendants made
fale and/or misleading statements, as well as failed to disclose
material adverse facts about the Company's business, operations, and
prospects. Specifically, defendants made false and/or misleading
statements and/or failed to disclose, among others: (1) that the Company
improperly recognized particular structured assets sales; (2) that the
Company improperly classified certain accounted for certain
out-of-payroll loans; (3) that, as a result, the Company overstated its
gains on assets sales and accrued interest revenue; (4) that, as such,
the Company's financial statements were not prepared in accordance with
Generally Accepted Accounting Principles; (5) that the Company lacked
adequate internal and financial controls; and (6) that, as a result of
the foregoing, defendants' statements were materially false and
misleading at all relevant times. Over the course of several
disclosures, the Company revealed its alleged accounting and securities
fraud, causing the Company's share price to decline thereby harming
investors.
If you are a member of the Class described above, you are encouraged to
contact Casey Sadler, Esq., of GPM, 1925 Century Park East, Suite 2100,
Los Angeles, California 90067, at (310) 201-9150, by e-mail to [email protected],
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150902006034/en/
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