NEW YORK, June 29, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that a class action lawsuit has been filed on behalf of purchasers of The Cash Store Financial Services, Inc. (NYSE:CSFS) stock during the period between November 24, 2010 and May 13, 2013, seeking to recover damages for violations of the federal securities laws. The deadline for shareholders to seek appointment as lead plaintiff is August 26, 2013.
To join the Cash Store class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free, at 866-767-3653; you may also email at pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The Complaint asserts violations of the federal securities laws against Cash Store and certain of its officers and directors for issuing materially false and misleading statements about the Company's true financial condition. According to the lawsuit, Cash Store overvalued a major loan portfolio it had acquired, failed to properly account for a lawsuit settlement, and had material internal control deficiencies. As a result, the value of Cash Store stock fell, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than August 26, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.