LOS ANGELES, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming October 19, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Shift4 Payments, Inc. ("Shift4" or the "Company") (NYSE:FOUR) securities between November 10, 2021 and April 18, 2023, inclusive (the "Class Period").
If you suffered a loss on your Shift4 investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Shift4-Payments-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On October 21, 2022, Shift4 disclosed that its third quarter 2021, full year 2021, and first and second quarter 2022 financial statements should no longer be relied upon and would need to be restated due to a material weakness in the Company's financial controls, which had caused it to incorrectly treat "customer acquisition costs" as cash used in investing activities rather that cash used in operating activities. As a result, Shift4 revised its net cash provided by operating activities to $3 million (down from its originally reported $29.2 million), $30.8 million (down from its originally reported $37.1 million), and $70.8 million (down from its ...
FOUR)>Full story available on Benzinga.com