Glancy Prongay & Murray LLP Announces Investigation on Behalf of USA Technologies, Inc. Investors
Sep. 11, 2018
LOS ANGELES--(BUSINESS WIRE)--Sep 11, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of USA Technologies, Inc. (“USAT” or the “Company”) (NASDAQ: USAT ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On September 11, 2018, USAT announced that it will not file its Annual Report for the fiscal year ended June 30, 2018 by the September 13, 2018 deadline. The Company further stated that its Audit Committee is conducting an internal investigation related to certain of the Company’s contractual arrangements, including the accounting treatment, financial reporting, and internal controls related to the arrangements.
On this news, the Company’s share price fell approximately 33% during intraday trading on September 11, 2018, thereby injuring investors.
If you purchased USAT securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005769/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 09/11/2018 06:30 PM/DISC: 09/11/2018 06:30 PM