SAN DIEGO, Aug. 13, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by OneSpan Inc. ("OneSpan or the "Company") (NASDAQ: OSPN).
On August 4, 2020, OneSpan disclosed that it had identified errors related to specific contracts with customers involving software licenses.
Then, on August 11, 2020, OneSpan revealed that it could not timely file its quarterly report for the period ended June 30, 2020. OneSpan acknowledged that revenue had been overstated by $2.2 million from the first quarter in the year ended December 31, 2018, to the quarter ended March 31, 2020.
Following this news, OneSpan shares plummeted nearly 40%, to close at $18.84 per share on August 12, 2020.
If you have information that could assist in this investigation, including past employees and others, or if you are an OneSpan shareholder and are interested in learning more about the investigation, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP