NASDAQ: UEPS Investor Notice: Lawsuit against Net 1 UEPS Technologies, Inc. announced by Shareholders Foundation

SAN DIEGO, Feb. 24, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Net 1 UEPS Technologies, Inc. UEPS.

Investors, who purchased shares of Net 1 UEPS Technologies, Inc. UEPS, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On December 5, 2019, a lawsuit was filed against Net 1 UEPS Technologies, Inc over alleged Securities Laws Violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the Company lacked effective internal control over financial reporting, that the Company had misclassified its investment in Cell C Proprietary Limited, that the Company's financial statements for the fiscal year 2018 were overstating its income, and that as a result, UEPS's public statements were materially false and misleading at all relevant times.

Those who purchased Net 1 UEPS Technologies, Inc. UEPS shares should contact the Shareholders Foundation, Inc.

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

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. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.