Rosen Law Firm Investigates Securities Claims Against Net 1 UEPS Technologies, Inc.

NEW YORK--()--The Rosen Law Firm, P.A. announces that it is investigating securities claims against Net 1 UEPS Technologies. (Nasdaq: UEPS). The investigation focuses on whether Net 1 issued materially false or misleading statements in connection with a contract Net 1 obtained from the South African Social Security Agency (“SASSA”).

On December 4, 2012, the Company announced that the U.S. Department of Justice Criminal Division and the FBI were investigating whether Net 1 made improper payments to secure the SASSA contract. Net 1 also disclosed that the SEC was investigating whether Net 1 violated the federal securities laws in connection with the Company’s public statements. This announcement caused Net 1 shares to lose more than half their value.

The Rosen Law Firm is preparing a class action lawsuit to help Net 1 shareholders recover their losses. If you purchased Net 1 shares, you may visit the website at http://www.rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
jhorne@rosenlegal.com
www.rosenlegal.com

Contacts

The Rosen Law Firm
Phillip Kim, Esq.
866-767-3653
pkim@rosenlegal.com

Release Summary

Rosen Law Firm representing Net 1 UEPS Technologies Shareholders in securities class action seeking to recover investment losses. UEPS

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Contacts

The Rosen Law Firm
Phillip Kim, Esq.
866-767-3653
pkim@rosenlegal.com