Financial Processor Dodges Class Action Over $947M Contract
By Carmen Germaine ( September 21, 2015, 5:41 PM EDT) -- Financial payment processing company Net1 UEPS Technologies Inc. has dodged a proposed class action filed in New York federal court accusing it of scheming to win a $947 million contract with the South African government to distribute welfare grants on smart cards and concealing the risks of losing the contract from investors. ...
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