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Case Status:    ONGOING    
On or around 04/08/2020 (Date of last review)

Filing Date: December 05, 2019

According to the Complaint, UEPS provides transaction processing services, financial inclusion products and services, and payment and cryptographic technology.

The Complaint alleges that throughout the Class Period, UEPS made false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal control over financial reporting; (2) the Company had misclassified its investment in Cell C Proprietary Limited; (3) the Company's financial statements for the fiscal year 2018 were overstating its income; and (4) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

On March 25, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel.

COMPANY INFORMATION:

Sector: Technology
Industry: Software & Programming
Headquarters: Other

SECURITIES INFORMATION:

Ticker Symbol: UEPS
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 #: 19-CV-11174
JUDGE: Hon. P. Kevin Castel
DATE FILED: 12/05/2019
CLASS PERIOD START: 09/12/2018
CLASS PERIOD END: 11/08/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky LLP (New York)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available