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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ryvyl Inc. - RVYL
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ryvyl Inc. - RVYL
New York, New York--(Newsfile Corp. - February 2, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Ryvyl Inc. ("Ryvyl" or the "Company") (NASDAQ: RVYL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Ryvyl and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On January 20, 2023, after the market closed, Ryvyl announced that its previous financial statements for the year-end and interim periods for fiscal 2021 and 2022 "can no longer be relied upon." The Company anticipated filing restatements, which will "result in decreases to total revenue, increased net losses, decreases to total assets, and [decrease] total stockholder's equity." The Company also disclosed that it had determined "one or more material weaknesses" in its internal control over financial reporting, including a "material weakness related to accounting for certain complex business transactions."
On this news, Ryvyl's stock price fell $0.12 per share, or 14.6%, to close at $0.70 per share on January 23, 2023.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
To view the source version of this press release, please visit
New York, New York--(Newsfile Corp. - February 2, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Ryvyl Inc. ("Ryvyl" or the "Company") (NASDAQ: RVYL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
纽约,纽约-(Newsfile Corp.-2023年2月2日)-Pmerantz LLP正在代表Ryvyl Inc.(以下简称Ryvyl或该公司)(纳斯达克:RVYL)的投资者调查索赔。建议这样的投资者联系Robert S.Willoughby,电子邮件:newaction@pomlaw.com或888-476-6529转分机。7980号。
The investigation concerns whether Ryvyl and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
调查涉及Ryvyl及其某些高管和/或董事是否从事证券欺诈或其他非法商业行为。
[Click here for information about joining the class action]
[有关加入集体诉讼的信息,请单击此处]
On January 20, 2023, after the market closed, Ryvyl announced that its previous financial statements for the year-end and interim periods for fiscal 2021 and 2022 "can no longer be relied upon." The Company anticipated filing restatements, which will "result in decreases to total revenue, increased net losses, decreases to total assets, and [decrease] total stockholder's equity." The Company also disclosed that it had determined "one or more material weaknesses" in its internal control over financial reporting, including a "material weakness related to accounting for certain complex business transactions."
2023年1月20日,在股市收盘后,Ryvyl宣布,其之前的2021财年和2022财年年末和中期财务报表“不再可靠”。该公司预计将提交重述,这将“导致总收入减少,净亏损增加,总资产减少,股东权益总额减少”。该公司还披露,它已确定其财务报告的内部控制存在“一个或多个重大弱点”,包括“与某些复杂商业交易的会计有关的重大弱点”。
On this news, Ryvyl's stock price fell $0.12 per share, or 14.6%, to close at $0.70 per share on January 23, 2023.
受此消息影响,2023年1月23日,Ryvyl的股价下跌了0.12美元,跌幅为14.6%,收于每股0.70美元。
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .
波美兰茨律师事务所在纽约、芝加哥、洛杉矶和巴黎设有办事处,被公认为公司、证券和反垄断类诉讼领域的顶级律师事务所之一。由已故的亚伯拉罕·L·波美兰茨创立的波美兰茨是证券集体诉讼领域的先驱,他被称为集体诉讼律师事务所的负责人。80多年后的今天,波美兰茨律师事务所延续了他建立的传统,为证券欺诈、违反受托责任和公司不当行为的受害者争取权利。该公司已经代表班级成员追回了无数数百万美元的损害赔偿金。请看。
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
联系方式:
罗伯特·S·威洛比
波美兰茨律师事务所
邮箱:rswilloughby@pomlaw.com
888-476-6529分机7980
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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