QIWI CLASS ACTION REMINDER
Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Qiwi To Contact Him Directly To Discuss Their Options NEW YORK, NY - (NewMediaWire) - January 29, 2021 - If you suffered losses exceeding $50,000 investing in Qiwi stock or options between March 28, 2019 and December 9, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com|QIWI or call Faruqi (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants’ public statements were materially false and|or misleading at all relevant times.Specifically, on December 9, 2020, after the market closed, Qiwi filed a Form 6-K with the SEC, announcing that the Central Bank of Russia had imposed a fine of approximately $150,000 for deficient record-keeping and reporting, and suspended the Company’s conduct most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.On this news, Qiwi’s ADS price fell $2.80 per share, or 20.6%, to close at $10.79 per share on December 10, 2020, damaging investors.The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class.
QIWI CLASS ACTION REMINDER
Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Qiwi To Contact Him Directly To Discuss Their Options NEW YORK, NY - (NewMediaWire) - January 29, 2021 - If you suffered losses exceeding $50,000 investing in Qiwi stock or options between March 28, 2019 and December 9, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com|QIWI or call Faruqi (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants’ public statements were materially false and|or misleading at all relevant times.Specifically, on December 9, 2020, after the market closed, Qiwi filed a Form 6-K with the SEC, announcing that the Central Bank of Russia had imposed a fine of approximately $150,000 for deficient record-keeping and reporting, and suspended the Company’s conduct most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.On this news, Qiwi’s ADS price fell $2.80 per share, or 20.6%, to close at $10.79 per share on December 10, 2020, damaging investors.The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class.