NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of VASCO Data Security International, Inc. (NASDAQ: VDSI) securities during the period from February 18, 2013 through July 21, 2015. The lawsuit seeks to recover damages for VASCO investors under the federal securities laws.
To join the VASCO class action, go to the firm’s website at http://www.rosenlegal.com/cases-681.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) VASCO’s products were illegally sold to parties in Iran in violation of federal laws banning such transactions; (2) VASCO lacked sufficient internal controls; and (3) as a result of the foregoing, VASCO’s public statements were materially false and misleading at all relevant times. On July 21, 2015, after the market closed for trading, VASCO filed a Form 8-K with the SEC revealing “that certain of its products which were sold by a VASCO European subsidiary to a third party distributor may have been resold by the distributor to parties in Iran, potentially including parties” governed by U.S. economic sanctions. The suit claims investors were damaged when this adverse news entered the market.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 28, 2015. If you wish to join the class action and recover your losses, go to the firm’s website at http://www.rosenlegal.com/cases-681.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.