BOULDER, Colo.--(BUSINESS WIRE)--The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Higher One Holdings, Inc. (“Higher One” or the “Company”) (NYSE: ONE). Higher One is a Connecticut-based company that provides technology-based refund disbursement, payment processing, and data analytics services to higher education institutions and students in the United States.
The Firm’s investigation relates to a disclosure made by the Company in its most recent Quarterly Report on Form 10-Q, filed with the Securities Exchange Commission on November 10, 2014, wherein the Company announced that the Federal Reserve Banks of Chicago and Philadelphia had notified Higher One of violations to the Federal Trade Commission Act. The Company further stated that “it is reasonably possible that our loss related to this matter will increase accordingly and increase our total exposure by […] approximately $70 million in total.”
If you currently own Higher One common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll-free at (866) 569-4531 or email Mr. Shuman at email@example.com or email Mr. Glenn at firstname.lastname@example.org.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.