USA Technologies, Inc. Securities Litigation (2018)

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Lawsuit Overview

Defendant:USA Technologies, Inc.
Date Filed:September 11th, 2018
Sector:Miscellaneous
Industry:Office Equipment/Supplies/Services
Class Start Date:August 22nd, 2017
Class End Date:February 6th, 2019
Settlement Website: http://www.strategicclaims.net/usa-technologies-inc-securities-litigation/

According to the Complaint, USA Technologies provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally.

The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) USA Technologies' treatment of contractual arrangements in its financial statements would result in an internal investigation and delay the filing of its annual report for fiscal year 2018; (2) consequently, USA Technologies' internal controls over financial reporting were weak and deficient; (3) as a result, Defendants' statements about USA Technologies' business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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Reference Complaint

Stephane Gouet, et al. v. USA Technologies, Inc., et al.

Date Filed:November 20th, 2019
Class Period Start:August 22nd, 2017
Class Period End:February 6th, 2019
 
First Identified Complaint

Stephane Gouet, et al. v. USA Technologies, Inc., et al.

Date Filed:September 11th, 2018
Class Period Start:August 22nd, 2017
Class Period End:February 6th, 2019
First Identified Complaint Filings
#Document TitleFiling Date