Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against The Cash Store Financial Services, Inc.

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the common stock of The Cash Store Financial Services, Inc. (“Cash Store Financial” or the “Company”) (NYSE:CSFS) between November 24, 2010 and May 13, 2013, inclusive (the “Class Period”).

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT 888-773-9224, OR AT 212-682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Cash Store Financial provides alternative financial products and services in Canada and the United Kingdom under the Cash Store Financial and Instaloans names. The Company’s financial products and services include payday loans, signature loans, line of credit, standard and premium bank accounts, prepaid credit and debit cards and money transfer services.

The Complaint alleges that defendants issued materially false and misleading statements or failed to disclose material adverse facts throughout the Class Period concerning the Company’s financial condition. Specifically, the Company failed to disclose that it had inappropriately accounted for the acquisition of a loan portfolio, in violation of U.S. Generally Accepted Accounting Principles (“GAAP”), and improperly calculated the losses accrued as a result of a lawsuit settlement.

On December 10, 2012, Cash Store Financial announced it will restate its consolidated interim financial statements for the three and six months ended March 31, 2012 and the three and nine months ended June 30, 2012, to correct understated provisions for loan loss losses and the recognition of certain expenses and loans receivable. The Company further disclosed that it had identified material weaknesses in its internal control over financial reporting.

Then, on May 13, 2013 the Company announced that it would again restate its financial results as a result of improperly calculated losses accrued due to a lawsuit settlement, that the Company’s previous financial reports should not be relied upon, and that material weaknesses in the Company’s internal controls for accounting existed during all periods dating back to 2010.

If you are a member of the Class described above you may move the Court no later than August 26, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements.

If you wish to learn more about this action or if you purchased Cash Store Financial securities prior to the Class Period and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at 888-773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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