Business NewsMarketWire • Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)

OKLAHOMA CITY, OK--(Marketwired - Jan 3, 2014) - On December 26, 2013, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is August 27, 2009 through November 27, 2013.

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