Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of EZCORP Inc. (“EZCORP” or the “Company”)(NASDAQ: EZPW) arising from possible breaches of fiduciary duty by certain of its officers and directors.
It has been alleged that between April 30, 2013 and July 18, 2014, EZCORP made false and/or misleading statements regarding certain growth and strategic initiatives and certain of EZCORP’s business units and investments that had not performed as well as represented.
Moreover, on July 18, 2014, MS Pawn Corporation, the beneficial owner of 100% of EZCORP’s outstanding Class B voting common stock, announced the removal of Paul Rothamel as director, President, and Chief Executive Officer, William Love as Chairman of the Board of Directors, andJoseph Beal as director. Following this news, the price of EZCORP stock declined more than 12 percent.
Shareholders interested in seeking to recover damages on behalf of EZCORP and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold EZPW shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Ligaya T. Hernandez at (610) 994-0292 or by sending an e-mail to lhernandez@hkh-lawfirm.com.