The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of California on behalf of investors who purchased Ryvyl Inc. f/k/a GreenBox POS (NASDAQ: RVYL) securities: (1) pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s January 29, 2021 public offering; and/or (2) between January 29, 2021 and January 20, 2023.
According to the Ryvyl Inc. f/k/a Greenbox POS lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Ryvyl downplayed serious issues with its internal controls; (2) Ryvyl’s financial statements for December 31, 2021 through and including interim periods ended September 30, June 30, and March 31, 2022 contained errors resulting in overstatements of revenue, assets, and stockholders’ equity and understatements of losses; (3) as a result, Ryvyl would need to restate its previously issued financial statements for those periods; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you suffered a loss in Ryvyl Inc. f/k/a Greenbox POS you have until April 3, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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