INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against USA Technologies, Inc. & Encourages Inv...
September 19 2018 - 3:02PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of USA Technologies, Inc. ("USA Technologies" or the
"Company") (NASDAQ: USAT) for violations of §§10(b) and 20(a)
of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. USA Technologies’ treatment of certain
arrangements and contracts in its financial statements resulted in
an internal investigation and a delay in filing the Company’s
annual report for fiscal year 2018. The Company’s internal controls
over financial reporting also suffered from serious weaknesses.
Based on these facts, the Company’s public statements about
business operations and prospects were false and materially
misleading at all times throughout the class period. When the
market learned the truth about USA technologies, investors suffered
damages.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180919005743/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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