EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against USA Technologies, Inc. – USAT
NEW YORK--(BUSINESS WIRE)--Sep 11, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of USA Technologies, Inc. (NASDAQ: USAT) resulting from allegations that USA Technologies may have issued materially misleading business information to the investing public.
On September 11, 2018, USA Technologies announced it would not timely file its Annual Report on Form 10-K for the fiscal year ended June 30, 2018. The company disclosed that its Audit Committee “is in the process of conducting an internal investigation of current and prior period matters relating to certain of the Company’s contractual arrangements, including the accounting treatment, financial reporting and internal controls related to such arrangements.” The company further stated that it would not be in a position to file its Form 10-K until the investigation is concluded and those results have been assessed. On this news, USA Technologies’ share price has fallen sharply during intraday trading on September 11, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by USA Technologies investors. If you purchased shares of USA Technologies please visit the firm’s website at http://www.rosenlegal.com/cases-1413.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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CONTACT: The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 09/11/2018 10:46 AM/DISC: 09/11/2018 10:46 AM