LOS ANGELES--(BUSINESS WIRE)--The Wagner Firm announces that it has filed a lawsuit in the United States District Court for the Southern District of New York on behalf of investors of EZCORP, Inc. (“EZCORP” or the “Company”) (NASDAQ:EZPW). The lawsuit seeks recovery of investment losses from the Company and certain of its executive officers on behalf of a purported plaintiff class of purchasers of EZCORP securities between April 30, 2013 and July 18, 2014, inclusive (the “Class Period”).
EZCORP investors are encouraged to contact Avi Wagner at 310-491-7949 or by e-mail at firstname.lastname@example.org to discuss this matter.
EZCORP provides specialty consumer financial services, including pawn loans and consumer loans, in the United States, Mexico, Canada and the United Kingdom. The Company offers these products through in-store, online and worksite channels, and through a mobile platform. The Complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) the implementation of certain strategic and growth initiatives were less successful than represented; (2) certain of the Company’s business units and investments were not performing as well as represented; and (3) as a result of the foregoing, the Company’s statements about its business and operations were materially false and misleading at all relevant times.
On July 18, 2014, MS Pawn Corporation, the voting shareholder of EZCORP’s Class B voting common stock, announced the removal from EZCORP of Paul Rothamel as director, President and Chief Executive Officer, William Love as Chairman of the Board of Directors, and Joseph Beal as director. Following this news, on July 21, 2014, the price of EZCORP shares dropped more than 12 percent.
If you purchased EZCORP securities during the Class Period, you have 60 days from August 22, 2014, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the plaintiff class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the plaintiff class. If you wish to learn more about this action or receive a copy of the complaint, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at 310-491-7949, by e-mail at email@example.com, or visit our website at http://thewagnerfirm.com.
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