NEW YORK, June 28, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased The Cash Store Financial Services, Inc. ("Cash Store" or the "Company") (NYSE:CSFS) stock between November 24, 2010 and May 13, 2013 (the "Class Period").
Click here to learn more about the investigation http://zlk.9nl.com/cash-store-financial-services-csfs/, or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company's financial condition. In particular, it is alleged that the Company overstated a major loan portfolio it had acquired, and understated its liabilities in association with a class action settlement.
On December 10, 2012, the Company announced it would restate its financial statements, had inappropriately accounted for the acquisition of a large loan portfolio, and that it would restate the fair value of the loans acquired. In addition, the Company announced that its provision for loan losses for the three month periods ending March 31, 2012 and June 30, 2012 were understated by millions. Then on February 13, 2013, Cash Store announced the further restatement of financial statements due to improperly calculated losses related to a lawsuit settlement.
If you suffered a loss in Cash Store you have until August 26, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cash-store-financial-services-csfs/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP