NEW ORLEANS–(BUSINESS WIRE)–$USAT #USAT–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors that they have until
November 13, 2018 to file lead plaintiff applications in a
securities class action lawsuit against USA Technologies, Inc.
(NasdaqGM: USAT), if they purchased the Company’s securities between
November 9, 2017 and September 11, 2018, inclusive (the “Class Period”).
This action is pending in the United States District Court for the
District of New Jersey.
What You May Do
If you purchased securities of USAT and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, contact
KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email
or visit https://www.ksfcounsel.com/cases/nasdaqgm-usat/
to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by November 13, 2018.
About the Lawsuit
USA Technologies and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On September 11, 2018, pre-market, the Company disclosed that it would
be unable to timely file its Form 10-K annual report for the fiscal year
ended June 30, 2018 because 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, the price of USA Technologies’ shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850