| Company: | EZCORP, Inc |
| Ticker Symbol: | EZPW |
| Class Period: | Apr-30-13 to Jul-18-14 |
| Date Filed: | Aug-27-14 |
| Lead Plaintiff Deadline: | Oct-26-14 |
| Court: | Southern District of New York |
| Allegations: | |
EZCORP offers customers a variety of methods to access instant cash, including pawn loans and consumer loans, in the United States, Mexico, Canada and the United Kingdom. The Company offers its products through in-store, online, at the worksite, and mobile platforms.
The Complaint alleges that defendants issued false and/or misleading statements and/or failed to disclose that: (i) the implementation of certain strategic and growth initiatives was less successful than represented; (ii) certain of the Company' business units and investments were not performing as well as represented; and (iii) as a result of the above, the Company' statements about its business and operations were materially false and misleading at all relevant times.
On July 18, 2014, MS Pawn Corporation, the voting shareholder of EZCORP' Class B voting common stock, announced the removal from EZCORP of Paul Rothamel as director, President and Chief Executive Officer, William Love as Chairman of the Board of Directors, and Joseph Beal as director. Following this news, shares of EZCORP declined more than 12 percent on July 21, 2014.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
