{"id":412286,"date":"2021-01-11T12:23:45","date_gmt":"2021-01-11T17:23:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412286"},"modified":"2021-01-11T12:23:45","modified_gmt":"2021-01-11T17:23:45","slug":"scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-qiwi-plc-qiwi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-qiwi-plc-qiwi\/","title":{"rendered":"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Qiwi PLC (QIWI)"},"content":{"rendered":"

<\/p>\n

Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Qiwi PLC (QIWI)<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–Scott+Scott Attorneys at Law LLP<\/a> (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Qiwi PLC (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) and certain of its officers, alleging violations of federal securities laws. If you purchased Qiwi American Depository Shares (\u201cADS,\u201d also referred to as \u201cstock\u201d) or other securities between March 28, 2019 and December 9, 2020 (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com<\/a>.<\/b><\/p>\n

\nQiwi operates electronic online payment systems primarily in Russia, Kazakhstan, Moldova, Belarus, Romania, and the United Arab Emirates.\n<\/p>\n

\nThe lawsuit alleges, among other things, that the defendants made false and\/or misleading statements and\/or failed to disclose that Qiwi\u2019s internal controls related to reporting and record-keeping were ineffective, and that, consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon its ability to make payments to foreign merchants and transfer money to pre-paid cards.\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 had suspended the Company from conducting most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.\n<\/p>\n

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

What You Can Do<\/b><\/p>\n

\nIf you purchased Qiwi securities between March 28, 2019 and December 9, 2020, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Joe Pettigrew at (844) 818-6982 or jpettigrew@scott-scott.com<\/a>. The lead plaintiff deadline is February 9, 2021.\n<\/p>\n

About Scott+Scott Attorneys at Law LLP<\/b><\/p>\n

\nScott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.\n<\/p>\n

\nAttorney Advertising\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210111005868\/en\/<\/a><\/span><\/p>\n

Joe Pettigrew
\n<\/b>
Scott+Scott Attorneys at Law LLP
\n<\/b><\/a>
230 Park Avenue, 17th Floor, New York, NY 10169-1820
\n<\/b>
(844) 818-6982
\n<\/b>
jpettigrew@scott-scott.com<\/b><\/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":"

Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Qiwi PLC (QIWI) NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Qiwi PLC (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) and certain of its officers, alleging violations of federal securities laws. If you purchased Qiwi American Depository Shares (\u201cADS,\u201d also referred to as \u201cstock\u201d) or other securities between March 28, 2019 and December 9, 2020 (the \u201cClass Period\u201d), and have suffered a loss, you are encouraged to contact Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. Qiwi operates electronic online payment systems primarily in Russia, Kazakhstan, Moldova, Belarus, Romania, and … <\/p>\n

Continue reading “Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Qiwi PLC (QIWI)”<\/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-412286","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nScott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action 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\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-qiwi-plc-qiwi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Qiwi PLC (QIWI) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against Qiwi PLC (QIWI) NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against Qiwi PLC (\u201cQiwi\u201d or the \u201cCompany\u201d) (NASDAQ: QIWI) and certain of its officers, alleging violations of federal securities laws. 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