NASDAQ: PAYS Investor Notice: Update in Lawsuit against PaySign, Inc. shares announced by Shareholders Foundation

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SAN DIEGO, CA / ACCESSWIRE / September 22, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of PaySign, Inc. (NASDAQ: PAYS).

Investors, who purchased shares of PaySign, Inc. (NASDAQ: PAYS), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

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On March 19, 2020, a lawsuit was filed against PaySign, Inc over alleged Securities Laws Violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Paysign’s internal control over financial reporting was not effective, that Paysign’s information technology general controls were not effective, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

In May 2020, several investors filed a motion to get appointed lead plaintiff and the court is currently reviewing the remaining motion.

Those who purchased PaySign, Inc. (NASDAQ: PAYS) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

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