{"id":411222,"date":"2021-01-08T11:03:06","date_gmt":"2021-01-08T16:03:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411222"},"modified":"2021-01-08T11:03:06","modified_gmt":"2021-01-08T16:03:06","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"both\">LOS ANGELES, Jan.  08, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jl9d8fF7ggUfDVQxtCuaiAMuv-zyWhAqtK75oPnekL8oHmlTUNBs_3l3cq82dT0PScEw8c_Bsn2nV-06YjkIn6zcfID2xapL9gYF5kFXJ7U=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>February 9, 2021<\/strong><strong>\u00a0<\/strong>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n6uT6vhwSywBBILXvDsa_b_d7NRrDPDZxoNroRuSd-UdxgfjXyyMBcshzzwTp4yQxuLoqSXIprU7ubg142uQpQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>QIWI<\/u><\/a>) securities between <strong>March 28, 2019 and December 9<\/strong>, <strong>2020<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>If you suffered a loss on your Qiwi 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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Zl-6UVl2HjjJEKrD-3uf4YL9CBXLi5Gg4man0iL_h-9CrpTYM59ad6ULnJKOTD5Lqo6b2SHllOp5TI59TJgc8L5G208uJuOaKit7Efmt6Hl-_RPj7wP_zi5AvcUJk1nFZjbvd21JPbsv8xPxlJkZKg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.glancylaw.com\/cases\/qiwi-plc\/<\/u><\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lO_M42doM2ivCxq5NcIF-j9T9JQwQ5kGBtMtEDo_TRv-8BU0mZySRAx-Uebdule7ykcwWQ2-4x46FebBVkUZnrvwezCOnFjiaBiifjuOPD6jtay4RDADLuDgAAKIJcaH\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>On December 10, 2020, the Company issued a press release entitled &#8220;QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.&#8221; Therein, Qiwi stated that &#8220;[f]rom July to December 2020, the Central Bank of Russia (&#8216;CBR&#8217;), acting in its supervisory capacity, performed a routine scheduled audit of Qiwi Bank JSC (&#8216;Qiwi Bank&#8217;) 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.\u201d The Company was fined RUB 11 million, or approximately USD 150,000. The release also stated that &#8220;the CBR introduced certain restrictions with respect to Qiwi Bank&#8217;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.&#8221;<\/p>\n<p>On this news, the Company\u2019s ADR price fell $2.80 per share, or 20%, to close at $10.79 per share on December 10, 2020, thereby injuring investors.<\/p>\n<p>The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Qiwi&#8217;s 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&#8217;s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>Follow us for updates on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SHVdJCI31WKKX30kC1wWFv6r_4G8bc5ziX1F9jqSgkk1Tq7cvgF-eb7toXTZ7cYpoiqGYsKoPnyJltp1Kk3RxQNfpG4vNBaUpPala0PirYRrXZ_LiW7kvYK1TKqa90jC\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NEex4RFM5uu1iFyr9nPQUj01fiJ_gsfg9FDJImV6HVmGUzPhXl-lDlI5vs-TNPsQS5YuJsp2YgarTC1ouV7jYA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iBneWjfeTtGnGCkw2otdlPcYOpic_dqZCHNjLwNZffGe4oLsm-GDPRnS2ufgH9OqN_vXq-pZBK0ARMksHYT6MlqbQ-5ZgkGMjrbWnLFcxYo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>If you purchased or otherwise acquired Qiwi securities during the Class Period, you may move the Court no later than\u00a0<strong>February 9, 2021 <\/strong>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lO_M42doM2ivCxq5NcIF-j9T9JQwQ5kGBtMtEDo_TRtquLX54kTLrRPNaWyxdQ1VhAtwNz8rgiNUtDFQB6g82d74esnrur8PkTUbb_95L3h3g5-BuUw2nqB8XMH9ipMb\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MSsHcu91XT4iaMXny9GOzMBqsdZMhCMYyroZTVGXjgibKiw3M2ZORDTmigJcnUKEzd4YZFxtj9ubuMk_mCmOnA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts <\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles <br \/>Charles Linehan, 310-201-9150 or 888-773-9224 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lO_M42doM2ivCxq5NcIF-j9T9JQwQ5kGBtMtEDo_TRtJOZZgaqbCVKQb0dEzqmKEFqr6T5RymgSihrwyECXA0ETl7yZPDG39sDC7wj-lxJID4c6Gk_QGHsJGas29-ElH\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MSsHcu91XT4iaMXny9GOzIIemJqn59j8b7MVvApHkd33e3R4xUnFSKx99RF-J7GutjwwfQ6C03KIUOrUiywEYA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjUyNyMzOTA5NzY4IzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e1863d27-8f87-4aee-bb46-58fe0a3749c5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Jan. 08, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0February 9, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Qiwi 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 https:\/\/www.glancylaw.com\/cases\/qiwi-plc\/. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411222","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Jan. 08, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0February 9, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Qiwi 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 https:\/\/www.glancylaw.com\/cases\/qiwi-plc\/. 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 &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-08T16:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjUyNyMzOTA5NzY4IzIwMTcyOTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Glancy Prongay &amp; 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Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI) - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/","og_locale":"en_US","og_type":"article","og_title":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI) - Market Newsdesk","og_description":"LOS ANGELES, Jan. 08, 2021 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0February 9, 2021\u00a0deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Qiwi Plc (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Qiwi 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 https:\/\/www.glancylaw.com\/cases\/qiwi-plc\/. 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 &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-08T16:03:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjUyNyMzOTA5NzY4IzIwMTcyOTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-qiwi-plc-qiwi-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; 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