LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the September 18, 2015 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of purchasers of the securities of EZCORP, Inc. (“EZCORP” or the “Company”) (Nasdaq: EZPW) between October 27, 2014 and July 16, 2015, inclusive (the “Class Period”).
EZCORP delivers cash solutions to customers across channels, products, services and markets. With approximately 1,400 locations and branches, the Company offers customers multiple ways to access instant cash, including pawn loans and consumer loans in the United States, Mexico, Canada and the United Kingdom. The Company offers these products through four primary channels: in-store, online, at the worksite, and through a mobile platform.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose, among others: (1) that the Company improperly recognized particular structured assets sales; (2) that the Company improperly classified certain accounted for certain out-of-payroll loans; (3) that, as a result, the Company overstated its gains on assets sales and accrued interest revenue; (4) that, as such, the Company’s financial statements were not prepared in accordance with Generally Accepted Accounting Principles; (5) that the Company lacked adequate internal and financial controls; and (6) that, as a result of the foregoing, defendants’ statements were materially false and misleading at all relevant times. Over the course of several disclosures, the Company revealed its alleged accounting and securities fraud, causing the Company’s share price to decline thereby harming investors.
If you are a member of the Class described above, you are encouraged to contact Casey Sadler, Esq., of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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