NEW YORK, NY --(Marketwired - August 30, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in EZCORP, Inc. ("EZCORP" or the "Company") (
A complaint has been filed in the Southern District of New York on behalf of all persons who purchased EZCORP securities between April 30, 2013 through July 18, 2014, inclusive (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, EZCORP made false and/or misleading statements and/or failed to disclose that: (i) the Company's implementation of certain growth and strategic initiatives was less successful than it had represented; and (ii) certain of EZCORP's business units and investments had not performed as well as represented.
On July 18, 2014, MS Pawn Corporation, the beneficial owner of 100% of EZCORP's outstanding Class B voting common stock, announced the removal of Paul Rothamel as director, President, and Chief Executive Officer, William Love as Chairman of the Board of Directors, and Joseph Beal as director, in order to "strengthen corporate and regulatory governance and to realign corporate strategies."
Following this news, the price of EZCORP stock declined by $1.36, or more than 12 percent, to close at $9.76 on July 21, 2014.
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Take Action
If you invested in EZCORP stock, bonds or options between April 30, 2013 through July 18, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/EZPW . You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com . Faruqi & Faruqi, LLP also encourages anyone with information regarding EZCORP's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw .
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