Investigation announced for Long-Term Investors in shares of PaySign, Inc. (NASDAQ: PAYS)

An investigation was announced for long-term investors in shares of PaySign, Inc. (NASDAQ: PAYS) concerning potential breaches of fiduciary duties by certain directors and officers of PaySign, Inc.

Investors who are current long term investors in PaySign, Inc. (NASDAQ: PAYS) 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 current long term investors in NASDAQ: PAYS stocks follows a lawsuit filed against PaySign, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PAYS stocks, concerns whether certain PaySign, Inc. (NASDAQ: PAYS officers and 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 District of Nevada the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Paysign's internal control over financial reporting was not effective, that Paysign's information technology general controls were not effective, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of PaySign, Inc. (NASDAQ: PAYS) 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.

This release was published on openPR.