{"id":401479,"date":"2020-12-16T21:03:12","date_gmt":"2020-12-17T02:03:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401479"},"modified":"2020-12-16T21:03:12","modified_gmt":"2020-12-17T02:03:12","slug":"qiwi-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-qiwi-plc-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qiwi-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-qiwi-plc-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"QIWI ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Qiwi Plc and Encourages Investors to Contact the Firm"},"content":{"rendered":"

<\/p>\n

QIWI ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Qiwi Plc and Encourages Investors to Contact the Firm<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased Qiwi Plc (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020 (the \u201cClass Period\u201d). Investors have until February 9, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.\n<\/p>\n

\nClick here<\/a> to participate in the action.\n<\/p>\n

\nQiwi together with its subsidiaries, purports to operate electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally.\n<\/p>\n

\nOn December 9, 2020, after the market closed, Qiwi filed a Form 6-K with the SEC, announcing that the Central Bank of Russia had imposed a fine of approximately $150,000 for deficient record-keeping and reporting, and suspended the Company\u2019s conduct most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.\n<\/p>\n

\nOn this news, Qiwi\u2019s ADS price fell $2.80 per share, or 20.6%, to close at $10.79 per share on December 10, 2020.\n<\/p>\n

\nThe complaint, filed on December 11, 2020, alleges that defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) Qiwi\u2019s internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company\u2019s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, defendants\u2019 public statements were materially false and\/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.\n<\/p>\n

\nIf you purchased QIWI securities during the Class Period and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by filling out this contact form.<\/a> There is no cost or obligation to you.\n<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/b><\/p>\n

\nBragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201216005939\/en\/<\/a><\/span><\/p>\n

\nBragar Eagel & Squire, P.C.
\n
Brandon Walker, Esq.
\n
Melissa Fortunato, Esq.
\n
Marion Passmore, Esq.
\n
(212) 355-4648
\n
investigations@bespc.com
\n<\/a>
www.bespc.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

QIWI ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Qiwi Plc and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased Qiwi Plc (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020 (the \u201cClass Period\u201d). Investors have until February 9, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. Qiwi together with its subsidiaries, purports to operate … <\/p>\n

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