Recent Security Class Actions

USA Technologies Inc. Common Stock (NASDAQ: USAT)

Company Name:USA Technologies Inc. Common Stock
Stock Symbol:NASDAQ: USAT
Class Period Start:08/22/2017
Class Period End (inclusive):02/06/2019
Filing Deadline:11/10/2018

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.