LOS ANGELES, CA / ACCESSWIRE / February 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ryvyl Inc. f/k/a Greenbox POS ("RYVYL" or "the Company") (NASDAQ:RVYL, GBOX) for violations of the federal securities laws.
Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted on January 29, 2021 (the "IPO") and/or between January 29, 2021 and January 20, 2023, both dates inclusive (the "Class Period"), are encouraged to contact the firm before April 3, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. RYVYL failed to maintain appropriate internal controls. The Company downplayed the extent of its internal control problems. The Company was forced to restate certain financial reports. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO and class period. When the market learned the truth about RYVYL, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm