Update in Lawsuit for Investors in EZCORP Inc. (NASDAQ:EZPW) shares announced by Shareholders Foundation

SAN DIEGO, Dec. 05, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain purchasers of NASDAQ:EZPW shares against EZCORP Inc.

Investors who purchased shares of EZCORP Inc. in November 2012 or earlier and continue to hold any of those NASDAQ:EZPW shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 20, 2015, a lawsuit was filed against EZCORP Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made allegedly false and/or misleading statements and/or failed to disclose, among others  that EZCORP Inc. improperly recognized particular structured assets sales, that EZCORP Inc. improperly classified certain loans,  that, as a result, EZCORP Inc. overstated its gains on assets sales and accrued interest revenue, that, as such, EZCORP Inc.’s financial statements were not prepared in accordance with Generally Accepted Accounting Principles, that EZCORP Inc. lacked adequate internal and financial controls, and that, as a result of the foregoing, defendants’ statements were materially false and misleading at all relevant times. On January 11, 2016 and November 4, 2016 amended complaints were filed and on May 8, 2017 the court denied in part the defendants motion to dismiss the case.  

Those who purchased EZCORP Inc. (NASDAQ:EZPW) shares should contact the Shareholders Foundation, Inc.  

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.  

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108