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USA Technologies, Inc.

Case Summary

USA Technologies, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 09/11/2018 (Ongoing date of last review)

Filing Date: September 11, 2018

According to the Complaint, USA Technologies provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally.

The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) USA Technologies’ treatment of contractual arrangements in its financial statements would result in an internal investigation and delay the filing of its annual report for fiscal year 2018; (2) consequently, USA Technologies’ internal controls over financial reporting were weak and deficient; (3) as a result, Defendants’ statements about USA Technologies’ business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Company & Securities Information

Defendant: USA Technologies, Inc.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: USAT
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.

First Identified Complaint

Stephane Gouet, et al. v. USA Technologies, Inc., et al.

COURT: D. New Jersey
DOCKET #: 18-CV-13759
JUDGE: Hon.Claire C. Cecchi
DATE FILED: 09/11/2018
CLASS PERIOD START: 11/09/2017
CLASS PERIOD END: 09/11/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm (South Orange)
    609 W. South Orange Avenue Suite 2P , The Rosen Law Firm (South Orange), NJ 07079
    (973) 313-1887 (973) 833-0399 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 09/11/2018
2 U.S. District Court Civil Docket 09/11/2018
 
 

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