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Investigation announced for Long-Term Investors in shares of Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)

03-31-2020 10:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares.

An investigation on behalf of current long term investors in Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Net 1 UEPS Technologies, Inc..

Investors who are current long term investors in Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: UEPS stocks follows a lawsuit filed against Net 1 UEPS Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: UEPS stocks, concerns whether certain Net 1 UEPS Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the Company lacked effective internal control over financial reporting, that the Company had misclassified its investment in Cell C Proprietary Limited, that the Company's financial statements for the fiscal year 2018 were overstating its income, and that as a result, UEPS's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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