Bensalem, Pennsylvania--(Newsfile Corp. - February 22, 2023) - Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Ryvyl Inc. f/k/a/ Greenbox POS ("Ryvyl" or the "Company") (NASDAQ: RVYL).
Class Period: January 29, 2021 - January 20, 2023
Lead Plaintiff Deadline: April 3, 2023
Investors suffering losses on their Ryvyl investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
The complaint filed alleges that Defendants failed to disclose to investors that: (1) the Company's financial statements in 2021 and 2022 contained errors resulting in overstatements of revenue, assets, and stockholders' equity and understatements of losses; (2) as a result, Ryvyl would restate certain financials; (3) the Company's internal controls were inadequate; (4) the Company downplayed and obfuscated its internal controls issues; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155702
