The Law Offices of Frank R. Cruz Announces Investigation on Behalf of PaySign Inc. Investors (PAYS)
March 16 2020 - 8:42PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of PaySign, Inc. ("PaySign" or "the Company") (NASDAQ: PAYS)
investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On March 16, 2020, PaySign delayed the filing of its annual
report for the fiscal year ended December 31, 2019 due to an
ongoing audit. The Company also disclosed that “management
identified material weaknesses related to (i) assessment of
internal controls over financial reporting and (ii) information
technology general controls.”
On this news, the Company’s share price fell $0.93, or nearly
17%, to close at $4.59 per share on March 16, 2020, thereby
injuring investors.
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If you purchased PaySign securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200316005921/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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