Case Page

 

Case Status:    SETTLED
On or around 04/26/2017 (Date of order of final judgment)

Filing Date: August 22, 2014

According to the law firm press release, EZCORP offers customers multiple ways to access instant cash, including pawn loans and consumer loans in the United States, Mexico, Canada and the United Kingdom. The Company offers these products through four primary channels: in-store, online, at the worksite, and through a mobile platform. The Complaint alleges that defendants made 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 certain directors and officers. Following this news, shares of EZCORP declined more than 12 percent on July 21, 2014.

On January 26, 2015, the Court issued an Order appointing lead plaintiff and approving lead counsel. Lead Plaintiff filed a consolidated complaint on March 13.

On March 31, 2016, the Court issued an Order granting in part and denying in part Defendants' motion to dismiss.

On December 23, 2016, the parties filed a Stipulation of Settlement. This Settlement was preliminarily approved on January 4. The Settlement was granted final approval on April 26, 2017, and this case was dismissed.

COMPANY INFORMATION:

Sector: Financial
Industry: Consumer Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: EZPW
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 14-CV-06834
JUDGE: Hon. Andrew L. Carter, Jr.
DATE FILED: 08/22/2014
CLASS PERIOD START: 04/30/2013
CLASS PERIOD END: 07/18/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (NY)
    1501 Broadway, Suite 1416, Glancy Binkow & Goldberg LLP (NY), NY 10036
    917.510.000 646.366-089 · info@glancylaw.com
  2. The Wagner Firm
    1925 Century Park East, Suite 2100 , The Wagner Firm, CA 90067
    310.491.7949 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 14-CV-06834
JUDGE: Hon. Andrew L. Carter, Jr.
DATE FILED: 03/13/2015
CLASS PERIOD START: 04/19/2012
CLASS PERIOD END: 10/06/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bernstein Litowitz Berger & Grossmann LLP (former San Diego)
    12544 High Bluff Drive, Suite 150, Bernstein Litowitz Berger & Grossmann LLP (former San Diego), CA 92130
    858.793.0070 858.793.0323 · blbg@blbglaw.com
No Document Title Filing Date