NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating securities claims against Net 1 UEPS Technologies. (Nasdaq: UEPS). The investigation focuses on whether Net 1 issued materially false or misleading statements in connection with a contract Net 1 obtained from the South African Social Security Agency (“SASSA”).
On December 4, 2012, the Company announced that the U.S. Department of Justice Criminal Division and the FBI were investigating whether Net 1 made improper payments to secure the SASSA contract. Net 1 also disclosed that the SEC was investigating whether Net 1 violated the federal securities laws in connection with the Company’s public statements. This announcement caused Net 1 shares to lose more than half their value.
The Rosen Law Firm is preparing a class action lawsuit to help Net 1 shareholders recover their losses. If you purchased Net 1 shares, you may visit the website at http://www.rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
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