SAN DIEGO, CA / ACCESSWIRE / November 3, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in OneSpan Inc. (NASDAQ:OSPN) shares.
Investors, who purchased shares of OneSpan Inc. (NASDAQ: OSPN) in May 2018 or earlier and continue to hold any of those NASDAQ: OSPN shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On August 20, 2020, a lawsuit was filed against OneSpan Inc over alleged securities laws violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that OneSpan had inadequate disclosure controls and procedures and internal control over financial reporting, that as a result, OneSpan overstated its revenue relating to certain contracts with customers involving software licenses in its financial statements spread out over the quarters from the first quarter of 2018 to the first quarter of 2020, that as a result, it was foreseeably likely that the Company would eventually have to delay one or more scheduled earnings releases, conference calls, and/or financial filings with the SEC, that OneSpan downplayed the negative impacts of errors in its financial statements, that all the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results and reputation, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased OneSpan Inc. (NASDAQ: OSPN) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
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