Rosen Law Firm Investigates Securities Claims Against Net 1 UEPS Technologies, Inc.
December 06 2012 - 10:12AM
Business Wire
The Rosen Law Firm, P.A. announces that it is investigating
securities claims against Net 1 UEPS Technologies. (Nasdaq: UEPS).
The investigation focuses on whether Net 1 issued materially false
or misleading statements in connection with a contract Net 1
obtained from the South African Social Security Agency
(“SASSA”).
On December 4, 2012, the Company announced that the U.S.
Department of Justice Criminal Division and the FBI were
investigating whether Net 1 made improper payments to secure the
SASSA contract. Net 1 also disclosed that the SEC was investigating
whether Net 1 violated the federal securities laws in connection
with the Company’s public statements. This announcement caused Net
1 shares to lose more than half their value.
The Rosen Law Firm is preparing a class action lawsuit to help
Net 1 shareholders recover their losses. If you purchased Net 1
shares, you may visit the website at http://www.rosenlegal.com to
join the action. You may also contact Phillip Kim, Esq. The Rosen
Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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Contact Information:Laurence Rosen, Esq.Phillip Kim, Esq.The
Rosen Law Firm P.A.275 Madison Avenue 34th FloorNew York, New York
10016Tel: (212) 686-1060Weekends Tel: (917) 562-8616Toll Free:
1-866-767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comjhorne@rosenlegal.comwww.rosenlegal.com
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