PaySign, Inc.

Period: 03/12/2019 to 03/15/2020
Lead Plaintiff Deadline: 05/18/2020

SUMMARY OF CASE:

A securities class action has been filed against PaySign, Inc. (PAYS) on behalf of all persons or entities who purchased or otherwise acquired publicly traded PaySign securities. between March 12, 2019 through March 15 2020.  This case has been filed in the USDC – Nevada.

The Complaint alleges that the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) PaySign’s internal control over financial reporting was not effective; (ii) PaySign’s information technology general controls were not effective; and (iii) 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.