ATLANTA, March 17, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC is informing investors that a class action lawsuit has been filed against RYVYL Inc. (“RYVYL” or the “Company”) f/k/a GreenBox POS RVYL. The complaint alleges that RYVYL made materially false and/or misleading statements and/or failed to disclose material adverse facts throughout the period of the class action, including: (1) RYVYL downplayed its serious problems with its internal controls; (2) several of RYVYL’s 2021 financial statements contained errors that resulted in overstatements of revenues, assets and equity and understatements of losses; (3) As a result, RYVYL would have to restate certain previously published financial statements.
If you purchased shares of RYVYL between January 29, 2021 and January 20, 2023 and suffered a material loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. atholzer@holzerlaw.com or Joshua Karr, Esq. atjkarr@holzerlaw.comby toll-free at (888) 508-6832 or visit the company’s website at https://holzerlaw.com/case/ryvyl/ to learn more.
The deadline to apply to the court to appoint lead plaintiff in the case is April 3, 2023.
Holzer & Holzer, LLC, a 2021 ISS Top-Rated Securities Litigation Law Firm, dedicates its practice to vigorously representing shareholders and investors in litigation across the country, including shareholder class actions and derivatives disputes. Since its inception in 2000, Holzer & Holzer’s attorneys have played a critical role in recovering hundreds of millions of dollars for shareholders who have been victims of fraud and other corporate wrongdoing. More information about the law firm can be found on their website, www.holzerlaw.com, and on request from the company. Holzer & Holzer, LLC has paid for the distribution of this promotional communication and Corey Holzer is the attorney responsible for its content.
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