Glancy Binkow & Goldberg Announces a February 24, 2014 Lead Plaintiff Deadline in the Class Action Lawsuit Against Net1 UEPS Technologies, Inc. -- UEPS

        Print
| Source: Glancy Binkow & Goldberg LLP

LOS ANGELES, Jan. 24, 2014 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all purchasers of the securities of Net1 UEPS Technologies, Inc. ("Net1" or the "Company") (Nasdaq:UEPS) between August 27, 2009 and November 27, 2013, inclusive (the "Class Period"), have until February 24, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Net1 provides payment solutions and transaction processing services for various industries in South Africa, Korea, Europe and internationally. The Complaint alleges that throughout the Class Period the Company and certain of its executive officers issued materially false and misleading statements concerning the Company's business and operations. Specifically, the Complaint alleges that the defendants misrepresented or failed to disclose that the Company's practices to secure contracts in South Africa were in violation of the Foreign Corrupt Practices Act and, as a result, the Company's financial statements were materially false and misleading at all relevant times.

If you are a member of the Class described above, you may move the Court no later than February 24, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action, or if you still hold shares of Net1 purchased prior to August 27, 2009, and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(888) 773-9224
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh
(212) 682-5340

www.glancylaw.com