USAT class action, USA Technologies lawsuit

Class Action News

USA Technologies Class Action; Levi & Korsinsky Announces USAT Lawsuit

Levi & Korsinsky

September 26, 2018

Levi & Korsinsky announces a class action filed on behalf of shareholders who purchased or otherwise acquired securities of USA Technologies, Inc. (“USA Technologies”) (NASDAQGM: USAT) between November 9, 2017 and September 10, 2018. You are hereby notified that the USAT class action lawsuit has been commenced in the United States District Court for the District of New Jersey. To get more information go to: https://www.zlk.com/pslra-1/usa-technologies-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The USAT complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) USA Technologies’ treatment of contractual arrangements in its financial statements would result in an internal investigation and delay the filing of its annual report for fiscal year 2018; (2) consequently, USA Technologies’ internal controls over financial reporting were weak and deficient; (3) as a result, defendants’ statements about USA Technologies’ business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you suffered a loss in USA Technologies you have until November 13, 2018 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.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com