Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against EZCORP, Inc.
Oklahoma City, OK (July 22, 2015) – On July 20, 2015, a securities class action lawsuit was filed in the United States District Court for the Western District of Texas against EZCORP, Inc. (NASDAQ: EZPW). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is October 27, 2014 through July 16, 2015. More specifically, this litigation was filed because the Company announced on July 17, 2015 that it would restate its financial statements for fiscal 2014 (including the interim periods within that year) and the first quarter of fiscal 2015 and that the previously issued financial statements for those periods should no longer be relied upon. The restatement will correct certain errors relating to accounting for Grupo Finmart’s structured asset sales in fiscal 2014 and the first quarter of fiscal 2015. On this news, the Company’s shares declined to close at $35.54 on July 17, 2015.
Plaintiff seeks to recover damages on behalf of all EZCORP, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Friday, September 18, 2015 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
To join this class action, click here to obtain an investor certification. Once complete, please email this form to email@example.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.
Posted on Wed, July 22, 2015
by Robin Hester filed under