EZCorp Must Face Some Of Investors' Securities Fraud Claims

Law360, New York (May 9, 2017, 4:25 PM EDT) -- A Texas federal court declined on Monday to give short-term lender EZCorp Inc. and its CEO another quick exit in a proposed securities fraud class action, ruling that investors had mustered enough evidence on a second try to support some of their allegations about deceptive accounting practices.

U.S. District Judge Sam Sparks found investors Wu Winfred Huang and John Rooney had done a better job of using confidential witnesses in their second amended complaint, denying EZCorp’s bid to dismiss their claim that CEO Mark Kuchenrither acted...
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