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ELSTEIN v. Net1 UEPS TECHNOLOGIES, INC.

No. 13 Civ. 9100 (ER).

DANIEL ELSTEIN, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. NET1 UEPS TECHNOLOGIES, INC., SERGE CHRISTIAN P. BELAMANT, and HERMAN GIDEON KOTZE, Defendants.

United States District Court, S.D. New York.

July 23, 2014.

Attorney(s) appearing for the Case

Ruhama Lipow, Lead Plaintiff, represented by Jeremy Alan Lieberman , Pomerantz LLP.

Daniel Elstein, Plaintiff, represented by Jeremy Alan Lieberman , Pomerantz LLP & Tamar Aliza Weinrib , Pomerantz LLP.

David Macquart, Movant, represented by Nicholas Ian Porritt , Levi & Korsinsky LLP.

Net 1 UEPS Technologies Inc, Defendant, represented by Jeffrey David Rotenberg , DLA Piper US LLP, John Michael Hillebrecht , DLA Piper US LLP & Timothy H. Birnbaum , DLA Piper.

OPINION AND ORDER

EDGARDO RAMOS, District Judge.

This case arises out of alleged violations of the Securities Exchange Act of 1934 (the "Exchange Act") by Net 1 UEPS Technologies ("Net 1" or "the Company"); Serge P. Christian Belamant, the Company's co-founder, Chairman of the Board, and Chief Executive Officer; and Herman Gideon Kotze, the Company's Chief Financial Officer, Treasurer, and Secretary (collectively, "Defendants"). The...

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