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Law Offices of Howard G. Smith Announces That A Class Action Has Been Filed On Behalf Of EZCORP, Inc. InvestorsLaw Offices of Howard G. Smith announces that a class action has been filed on behalf of purchasers of the securities EZCORP, Inc. ("EZCORP" or the "Company") (Nasdaq: EZPW) between October 27, 2014 and July 16, 2015, inclusive (the "Class Period"). EZCORP investors have until September 18, 2015 to file a lead plaintiff motion. 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 false and/or misleading statements, as well as failed to isclose 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 during the first half of 2015, the Company revealed its alleged accounting and securities fraud, causing the Company's share price to decline thereby harming investors. If you purchased shares of EZCORP during the Class Period, have information regarding these allegations, and/or would like to learn more about your legal rights in connection with this notice please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com. 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/20150817005775/en/ |
