Philadelphia, Pennsylvania--(Newsfile Corp. - August 21, 2023) - A securities fraud class action on behalf of PaySign (NASDAQ: PAYS) shareholders has survived a motion to dismiss. The class action alleges that certain of PaySign's officers made materially false and misleading statements to the public about PaySign's financial statements, which in turn allowed certain officers to engage in insider trading of their PaySign shares while the stock's prices were artificially inflated.
Current PaySign shareholders who have held PaySign shares since on or before March 12, 2019 can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.
If you would like to learn more about this matter, you are encouraged to contact us at jgrabar@grabarlaw.com, visit https://grabarlaw.com/paysign-shareholder-litigation/, or call 267-507-6085.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/177901
