TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

EZCORP Inc (NASDAQ: EZPW) Investor Securities Class Action Lawsuit 08/22/2014

  • You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of May 19, 2017 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
EZCORP Inc
Security
NASDAQ: EZPW

Case Name
EZCORP Shareholder Class Action Lawsuit 08/22/2014
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
ezcorp_inc_settlement_notice_1_2017.pdf
Settlement Proof
ezcorp_inc_settlement_proof_1_2017.pdf
Filed Complaint
ezcorp_inc_original_filing_edited_8_2014.pdf
You must register or login to receive notifications.

Click here to subscribe to EZCORP Inc.

Settlement Overview

Date Settled
Date Settled
Settlement Amount
$5,900,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

January 4, 2017 - The court preliminarily approved the settlement.

December 23, 2016 - A stipulation of settlement was filed by the parties.

March 31, 2016 - The court granted in part and denied in part defendants' motions to dismiss.

April 27, 2015 - A motion to dismiss the consolidated complaint was filed.

March 13, 2015 - A consolidated complaint was filed.

August 22, 2014 - An investor in shares of EZCORP Inc (NASDAQ: EZPW) filed a lawsuit in the U.S. District Court for the Southern District of New York against EZCORP Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 30, 2013 and July 18, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of EZCORP Inc (NASDAQ: EZPW) common shares between April 30, 2013 and July 18, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that defendants made allegedly false and/or misleading statements and/or failed to disclose that the implementation of certain strategic and growth initiatives was less successful than represented, that certain of EZCORP Inc’s business units and investments were not performing as well as represented, and that as a result of the above, EZCORP Inc’s statements about its business and operations were allegedly materially false and misleading at all relevant times.

EZCORP Inc reported that its Total Revenue rose from $975.12 million for the 12 months period that ended on Sept. 30, 2012 to over $1.01 billion for the 12 months period that ended on September 30, 2013 and that its respective Net Income declined from $143.71 million to $34.08 million. Shares of EZCORP Inc (NASDAQ: EZPW) declined from over $32 per share in March 2012 to $9.35 per share in late January 2014.

Then on July 18, 2014, MS Pawn Corporation, the voting shareholder of EZCORP Inc’s Class B voting common stock, announced the removal from EZCORP Inc of Paul Rothamel as director, President and Chief Executive Officer, William Love as Chairman of the Board of Directors, and Joseph Beal as director.

Shares of EZCORP Inc (NASDAQ: EZPW) declined from $11.12 per share on July 18, 2014 to as low as $9.29 per share on August 1, 2014.

ezcorp_inc_original_filing_edited_8_2014.pdf
Date Settled