NEW YORK, Sept. 12, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of USA Technologies, Inc. ("USA Technologies" or the "Company") (NASDAQ: USAT). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether USA Technologies and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On September 11, 2018, USA Technologies disclosed that it was unable to timely file its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended June 30, 2018, stating that it was "conducting an internal investigation of current and prior period matters relating to certain of the Company's contractual arrangements, including the accounting treatment, financial reporting and internal controls related to such arrangements."
On this news, USA Technologies' stock price fell $5.74 per share, or 39.87%, to close at $9.20 on September 11, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 9980
SOURCE Pomerantz LLP