NEW YORK, Dec. 3, 2013 /PRNewswire/ -- Bronstein, Gewirtz
& Grossman, LLC is investigating potential claims on behalf of
purchasers of the securities of Net 1 UEPS Technologies, Inc. ("Net
1" or the "Company") (NasdaqGS: UEPS-News). Such investors
are advised to contact Peretz
Bronstein or his investor Relation's coordinator
Eitan Kimelman at info@bgandg.com or
212-697-6484.
The investigation concerns whether Net 1 and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934. On November 29, 2013, shares of Net 1 fell 3.34 or
28.9% to close at $8.19 after the
Company announced that the South African Constitutional Court ruled
that the tender process followed by the South African Social
Security Agency in awarding a contract to Net1's wholly owned
subsidiary Cash Paymaster Services (Proprietary) Limited was
constitutionally invalid. The Company has previously been the
subject of a U.S. government investigation into violations of the
Foreign Corrupt Practices Act in South
Africa.
If you are aware of any facts relating to this investigation, or
purchased shares of Net 1 UEPS Technologies, Inc., you can assist
this investigation by contacting Peretz
Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz &
Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC