Block & Leviton Announces That It Has Filed Class Action Litigation Against EZCORP, Inc. and Certain of Its Officers and Directors Alleging Violations of the Federal Securities Laws
Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, has filed a class action securities litigation alleging violations of the federal securities laws against EZCORP, Inc. ("EZCORP" or the "Company") (NASDAQ: EZPW) and two of its officers, who are also members of its board of directors.
The case is pending in the United District Court for the Western District of Texas, Austin Division and is captioned Rooney v. EZCORP Inc. et al, Case Number 1:15-cv-700. Shareholders have until September 18, 2015, to seek appointment as lead plaintiff in this action. The Complaint was brought on behalf of all investors who purchased or otherwise acquired EZCORP's securities (the "Class") between October 27, 2014 and July 16, 2015 (the "Class Period").
The Complaint alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose material information, including with respect to the Company's accounting of Grupo Finmart's structured asset sales. As a result, on July 17, 2015, the Company announced that it would restate its financial statements for fiscal 2014 (including the interim periods within that year) and the first quarter of fiscal 2015. EZCORP also announced that the previously issued financial statements for those periods should no longer be relied upon. This news caused EZCORP's share price to drop substantially, harming investors.
Plaintiffs seek to recover damages on behalf of all Class members. If you are a shareholder who purchased securities of EZCORP during the Class Period, you have until September 18, 2015 to seek appointment as a lead plaintiff in this action. This deadline is mandated by federal law and cannot be extended. Your ability to share in any recovery is not, however, affected by the decision to serve or seek appointment as lead plaintiff.
If you have questions about the lawsuit, would like a copy of the Complaint, possess information relevant to this investigation, or seek information about any of the foregoing, please contact attorney Steven Harte, at (617) 398-5600 or email him at Steven@blockesq.com. Block & Leviton is also experienced at representing whistleblowers and encourages any insiders with information about the allegations to contact them. Confidentiality is assured.