BOSTON, July 22, 2015 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, announces that a class action case alleging violations of the Securities Exchange Act of 1934 has been commenced against EZCORP, Inc. ("EZCORP" or the "Company") (NASDAQ: EZPW) and two of its officers, who are also members of the board of directors. The case, which is pending in the United States District Court for the Western District of Texas, has been brought on behalf of investors who purchased EZCORP's securities (the "Class") between October 27, 2014 and July 16, 2015 (the "Class Period").
The Complaint alleges that, throughout the Class Period, defendants made false and misleading statements and omitted to disclose material information, including with respect to the Company's accounting of Grupo Finmart's structured asset sales. As a result, on July 17, 2015, the Company announced that it would restate its financial statements for fiscal 2014 (including the interim periods within that year) and the first quarter of fiscal 2015, and that the previously issued financial statements for those periods should no longer be relied upon.
Plaintiffs seek to recover damages on behalf of all Class members. If you are a shareholder who purchased securities of EZCORP during the Class Period, you only have until September 18, 2015 to seek appointment as a lead plaintiff in this action. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.
If you have questions about the lawsuit, possess information relevant to this investigation, or seek information about any of the foregoing, please contact attorney Steven Harte, at (617) 398-5600 or email him at Steven@blockesq.com. Block & Leviton is also experienced at representing whistleblowers and encourages any insiders with information about the allegations to contact them. Confidentiality is assured.
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BLOCK & LEVITON LLP
Steven P. Harte, Esq.
SOURCE Block & Leviton LLP