Class Action Reports

Qiwi plc Class Action Lawsuit

Matt Snitzer

January 7, 2021

Levi & Korsinsky, LLP reminds shareholders that a QIWI class action lawsuit has been commenced on behalf of investors who purchased Qiwi plc (QIWI) securities between March 28, 2019 and December 9, 2020. For more on the Qiwi Class Action please contact us today.

 

According to the Qiwi lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:(1) Qiwi’s internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

 

TO LEARN MORE ABOUT THE QIWI CLASS ACTION, CLICK HERE

 

If you suffered a loss in QIWI you have until February 9, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com