LEAD PLAINTIFF DEADLINE IS FEBRUARY 9, 2021
NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of those who purchased or acquired the American Depositary Receipts (“ADR’s”) of Qiwi Plc (“Qiwi” or the “Company”) (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020 inclusive (the “Class Period”).
All investors who purchased ADR’s of Qiwi Plc and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the ADR’s of Qiwi Plc, you may,no later than February 9, 2021, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of ADR’s of Qiwi Plc.
PLEASE CLICK HERE TO JOIN CASE
On December 10, 2020, the Company issued a press release entitled “QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.” Therein, Qiwi stated that “[f]rom July to December 2020, the Central Bank of Russia (‘CBR’), acting in its supervisory capacity, performed a routine scheduled audit of Qiwi Bank JSC (‘Qiwi Bank’) for the period of July 2018 to September 2020 and, in the course of this audit, has identified certain violations and deficiencies relating primarily to reporting and record-keeping requirements.”
The Company was fined RUB (Russian rubles) 11 million, or approximately USD $150,000. The release also stated that “the CBR introduced certain restrictions with respect to Qiwi Bank’s operations, including, effective from December 7, 2020, the suspension or limitation of most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.”
On this news, the Company’s ADR price fell $2.80 per share, or 20%, to close at $10.79 per share on December 10, 2020.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
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