Pomerantz Law Firm Investigates Lesaka Technologies for Potential Investor Claims
On October 3, 2025, Pomerantz LLP announced an investigation into potential claims on behalf of investors in Lesaka Technologies, Inc. (NASDAQ: LSAK). The firm is focused on understanding whether Lesaka and some of its officials or directors engaged in securities fraud or other illegal business practices. Investors concerned about their investments have been encouraged to reach out for more information.
The issue arose after Lesaka revealed concerning news in a filing with the U.S. Securities and Exchange Commission (SEC) on September 10, 2025. According to the filing, the Audit Committee of Lesaka's Board of Directors concluded that the unaudited condensed consolidated financial statements for three quarters—ending September 30, 2024, December 31, 2024, and March 31, 2025—needed to be restated. This situation arose due to the company's reevaluation of its revenue classification as reported. Certain revenues previously categorized as agent transactions were now being reclassified as principal transactions, affecting the related cost of goods sold as well.
As a direct consequence of this revelation, Lesaka's stock price witnessed a notable decline, plummeting by $0.48 per share (approximately 10.15%), closing at $4.25 per share on September 11, 2025. This decline indicates the immediate impact of the news on investor sentiment and market confidence in the company.
Pomerantz LLP is recognized as a leading law firm specializing in corporate, securities, and antitrust class litigation, boasting a rich history of defending the rights of those adversely affected by corporate misconduct. With office locations in major cities worldwide, including New York, Chicago, and London, the firm continues to be acknowledged for its commitment to securing substantial settlements for class members affected by securities fraud.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the firm has built a reputation over its 85-year history for handling complex securities and corporate litigation cases. While historical outcomes do not guarantee future results, Pomerantz LLP continues to passionately advocate for their clients who seek justice from misleading financial disclosures.
For investors who believe they may have been harmed by Lesaka’s financial practices, Pomerantz LLP is extending an invitation to become part of a potential class action against the firm, emphasizing that interested parties should take prompt action due to the dynamic nature of the situation. Those seeking more information can contact Danielle Peyton at Pomerantz LLP via email or phone, as listed in the firm’s public announcement.
This investigation raises critical questions about transparency and accountability within publicly traded companies, highlighting the essential role that law firms like Pomerantz play in holding corporations responsible for their actions. As this case unfolds, it will be important for investors to stay informed and aware of their rights and available options regarding their investments in Lesaka Technologies, Inc.
The issue arose after Lesaka revealed concerning news in a filing with the U.S. Securities and Exchange Commission (SEC) on September 10, 2025. According to the filing, the Audit Committee of Lesaka's Board of Directors concluded that the unaudited condensed consolidated financial statements for three quarters—ending September 30, 2024, December 31, 2024, and March 31, 2025—needed to be restated. This situation arose due to the company's reevaluation of its revenue classification as reported. Certain revenues previously categorized as agent transactions were now being reclassified as principal transactions, affecting the related cost of goods sold as well.
As a direct consequence of this revelation, Lesaka's stock price witnessed a notable decline, plummeting by $0.48 per share (approximately 10.15%), closing at $4.25 per share on September 11, 2025. This decline indicates the immediate impact of the news on investor sentiment and market confidence in the company.
Pomerantz LLP is recognized as a leading law firm specializing in corporate, securities, and antitrust class litigation, boasting a rich history of defending the rights of those adversely affected by corporate misconduct. With office locations in major cities worldwide, including New York, Chicago, and London, the firm continues to be acknowledged for its commitment to securing substantial settlements for class members affected by securities fraud.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the firm has built a reputation over its 85-year history for handling complex securities and corporate litigation cases. While historical outcomes do not guarantee future results, Pomerantz LLP continues to passionately advocate for their clients who seek justice from misleading financial disclosures.
For investors who believe they may have been harmed by Lesaka’s financial practices, Pomerantz LLP is extending an invitation to become part of a potential class action against the firm, emphasizing that interested parties should take prompt action due to the dynamic nature of the situation. Those seeking more information can contact Danielle Peyton at Pomerantz LLP via email or phone, as listed in the firm’s public announcement.
This investigation raises critical questions about transparency and accountability within publicly traded companies, highlighting the essential role that law firms like Pomerantz play in holding corporations responsible for their actions. As this case unfolds, it will be important for investors to stay informed and aware of their rights and available options regarding their investments in Lesaka Technologies, Inc.
Topics Financial Services & Investing）
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