Company News »

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against EZCORP, Inc.

Business Wire
Share on StockTwits
Published on

Law Offices of Howard G. Smith reminds investors that purchasers of the securities of EZCORP, Inc. (“EZCORP” or the “Company”) (NASDAQ:EZPW) between April 30, 2013 and July 18, 2014, inclusive (the “Class Period”), have until October 21, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

EZCORP offers customers a variety of methods to access instant cash, including pawn loans and consumer loans, in the United States, Mexico, Canada and the United Kingdom. The Company offers its products through in-store, online, at the worksite, and mobile platforms. The Complaint alleges that defendants issued false and/or misleading statements and/or failed to disclose that: (i) the implementation of certain strategic and growth initiatives was less successful than represented; (ii) certain of the Company’s business units and investments were not performing as well as represented; and (iii) as a result of the above, the Company’s statements about its business and operations were materially false and misleading at all relevant times.

On July 18, 2014, MS Pawn Corporation, the voting shareholder of EZCORP’s Class B voting common stock, announced the removal from EZCORP of Paul Rothamel as director, President and Chief Executive Officer, William Love as Chairman of the Board of Directors, and Joseph Beal as director. Following this news, shares of EZCORP declined more than 12 percent on July 21, 2014.

If you are a member of the Class described above, you may move the Court no later than October 21, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Share on StockTwits