SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Net 1 UEPS Technologies, Inc. & Its Board...
February 05 2014 - 12:03PM
Marketwired
SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of
Class Action Against Net 1 UEPS Technologies, Inc. and Its Board of
Directors and a Lead Plaintiff Deadline of February 24, 2014 --
UEPS
NEW YORK, NY--(Marketwired - Feb 5, 2014) - Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the Southern District of New York
on behalf of investors who purchased Net 1 UEPS Technologies, Inc.
("Net 1" or the "Company") (NASDAQ: UEPS) common stock between
August 27, 2009 and November 27, 2013.
For more information, click here:
http://zlk.9nl.com/net1-ueps-technologies-ueps.
The complaint alleges that Net 1 misrepresented or failed to
disclose that the Company's practices to secure contracts in South
Africa were in violation of the Foreign Corrupt Practices Act and,
as a result, that the Company's financial statements were
materially false and misleading at all relevant times.
On December 4, 2012, Net 1 disclosed that it was under
investigation by the U.S. Department of Justice, Criminal Division,
and the Federal Bureau of Investigation regarding whether Net 1 and
its subsidiaries violated provisions of the Foreign Corrupt
Practices Act and other U.S. federal criminal laws by engaging in a
scheme to make corrupt payments to officials of the Government of
South Africa. Then, on November 29, 2013, Net 1 disclosed that the
Constitutional Court of South Africa ruled that the tender process
followed by the South African Social Security Agency in awarding a
contract to Net 1's wholly owned subsidiary Cash Paymaster Services
(Proprietary) Limited was constitutionally invalid.
If you suffered a loss in Net 1 you have until February 24, 2014
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/net1-ueps-technologies-ueps.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut, and Washington D.C. The firm
has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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