SAN DIEGO, Feb. 07, 2023 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been commenced on behalf of investors in Ryvyl Inc. f/k/a/ Greenbox POS (“Ryvyl” or the “Company”) RVYL. The Class Action is being brought on behalf of shareholders who have acquired Ryvyl securities (a) pursuant to and/or pursuant to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s public offering on January 29, 2021 were issued; and/or (b) between January 29, 2021 and January 20, 2023. Investors are hereby notified that they have until April 3, 2023 to request the Court to appear as Lead Plaintiff in this lawsuit.
What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker (jimb@johnsonfistula.com) via email or phone at 619-814-4471. When emailing, please include your phone number.
To participate in this promotion you can click on the following link or copy and paste it into a browser:
https://www.johnsonfistel.com/investigations/ryvyl-inc
There are no costs or obligations for you.
The Complaint filed in this Class Action alleges that the Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects in the Registration Statement and throughout the Class Action Period. Specifically, the defendants failed to disclose to investors that: (1) the company’s 2021 and 2022 financial statements contained errors that resulted in overstatements of earnings, assets and equity and understatements of losses; (2) as a result, Ryvyl would restate certain financial measures; (3) the company’s internal controls were inadequate; (4) the company has downplayed and concealed its internal control problems; and (5) as a result, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked reasonable…
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