SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of VASCO Data Security International, Inc. – VDSI
NEW YORK, NY / CRWEPRESSRELEASE / July 22, 2015 /Pomerantz LLP is investigating claims on behalf of investors of VASCO Data Security International, Inc. (“VASCO” or the “Company”) (NASDAQ: VDSI). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether VASCO and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 21, 2015, post-market, VASCO announced, “that certain of its products which were sold by a VASCO European subsidiary to a third-party distributor may have been resold by the distributor to parties in Iran, potentially including parties” subject to U.S. economic sanctions. The company’s board of directors has initiated an internal investigation, the results of which are subject to review by the U.S. government, and the company has stopped all shipments to the distributor at issue pending resolution of the investigation.
On this news, shares of VASCO have fallen more than $0.48, or more than 1.80%, in intraday trading on July 22, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.