Investigation Alert: Kessler Topaz Meltzer & Check, LLP Investigates Allegations of Securities Fraud on Behalf of Nuvei Corporation Investors (NASDAQ: NVEI)
RADNOR, Pennsylvania., December 11, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP is investigating potential violations of federal securities laws on behalf of investors in Nuvei Corporation (NASDAQ: NVEI) (“Nuvei”).
Nuvei, headquartered at Montreal Canada, provides technological payment solutions to merchants and partners of North America, Europe, the Asia Pacific, and Latin America. These payment solutions are designed to support the entire lifecycle of a transaction across mobile or in-app channels, online, unattended and in-store.
At December 8, 2021, Spruce Point Capital Management released a report on Nuvei, which included “a forensic financial and accounting review.” Among other allegations, the report said Nuvei “was covering up a pattern of business failures, a lack of organic growth and a network of relationships with individuals linked to major Ponzi schemes and suspected fraudulent activity.” Further, the report states that Nuvei’s financial information that touts their success “is temporarily enhanced by concentrated exposure to high-risk games and e-commerce.”
Following this news, the Nuvei share price fell $ 39.38, or 40.45% percent, and closed at $ 57.97 per share on December 8, 2021.
If you are a Nuvei investor and would like to know more about our investigation, please CLICK HERE to complete our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail to [email protected]
Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country relating to securities fraud, breach of fiduciary duty, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform and has raised billions of dollars on behalf of institutional and individual investors from United States and all over the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and participate in the recovery of government dollars). For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
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SOURCE Kessler Topaz Meltzer & Check, LLP