LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP reminds investors of EZCORP, Inc. (“EZCORP” or the “Company”) (NASDAQ:EZPW) that all purchasers of EZCORP securities between April 30, 2013 and July 18, 2014 (the “Class Period”) have until October 21, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
EZCORP 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 defendants misrepresented and/or failed to disclose that:
- The implementation of certain strategic and growth initiatives was less successful than represented.
- Certain of the Company’s business units and investments were not performing as well as represented.
- As a result of the above, the Company’s statements during the Class Period concerning EZCORP’s 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, shares of EZCORP declined more than 12 percent on July 21, 2014.
If you are a member of the Class described above, you may move the Court no later than October 21, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the 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 Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by toll-free telephone at (888) 773-9224 or by telephone at (310) 201-9150, by e-mail to email@example.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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