March 18, 2021 - The case was voluntarily dismissed.

August 20, 2020 - An investor in shares of OneSpan Inc. (NASDAQ: OSPN) filed a lawsuit in the U.S. District Court for the Northern District of Illinois over alleged violations of Federal Securities Laws by OneSpan Inc. in connection with certain allegedly false and misleading statements made between May 9, 2018, and August 11, 2020. Chicago, IL based OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. OneSpan Inc. reported that its annual Total Revenue rose from $212.28 million in 2018 to $254.57 million in 2019, and that its Net Income increased from $3.84 million in 2018 to $8.78 million in 2019. On August 4, 2020, OneSpan Inc. disclosed that it had identified errors related to specific contracts with customers involving software licenses. Then, on August 11, 2020, OneSpan Inc. revealed that it could not timely file its quarterly report for the period ended June 30, 2020. OneSpan acknowledged that revenue had been overstated by $2.2 million from the first quarter in the year ended December 31, 2018, to the quarter ended March 31, 2020. Shares of OneSpan Inc. (NASDAQ: OSPN) declined from $33.33 per share on August 3, 2020 to $18.06 per share on August 13, 2020. According to the complaint the plaintiff alleges on behalf of purchasers of OneSpan Inc. (NASDAQ: OSPN) common shares between May 9, 2018, and August 11, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 9, 2018, and August 11, 2020, the , Defendants made false and/or misleading statements and/or failed to disclose that OneSpan had inadequate disclosure controls and procedures and internal control over financial reporting, that as a result, OneSpan overstated its revenue relating to certain contracts with customers involving software licenses in its financial statements spread out over the quarters from the first quarter of 2018 to the first quarter of 2020, that as a result, it was foreseeably likely that the Company would eventually have to delay one or more scheduled earnings releases, conference calls, and/or financial filings with the SEC, that OneSpan downplayed the negative impacts of errors in its financial statements, that all the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results and reputation, and that as a result, the Company's public statements were materially false and misleading at all relevant times.