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MONDAY DEADLINE ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Net 1 UEPS Technologies, Inc. and Encourages Investors with Losses to Contact the Firm

February 3, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Feb 3, 2020--

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Net 1 UEPS Technologies, Inc. (“UEPS” or “the Company”) (NASDAQ: UEPS ) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. UEPS failed to maintain effective controls on financial reporting. The Company misclassified its investment in Cell C Proprietary Limited. The Company’s financial statements for fiscal year 2018 overstated its income. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about UEPS, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200203005458/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Schall Law Firm

Copyright Business Wire 2020.

PUB: 02/03/2020 08:46 AM/DISC: 02/03/2020 08:46 AM

http://www.businesswire.com/news/home/20200203005458/en