Shine Lawyers is seeking compensation on behalf of shareholders who suffered losses after acquiring EML Payments Ltd (‘EML’) shares.
If you acquired EML shares between 11 November 2019 and 18 May 2021, you may be eligible to join this class action.
What is the EML Payments Shareholder Class Action about?
It is alleged that EML’s conduct and subsequent market announcement resulted in a fall in share price, causing shareholders to suffer financial loss.
On 19 May 2021, EML made a market announcement regarding correspondence that EML’s subsidiary, PFS Card Services Ireland Limited, had received from the Central Bank of Ireland. The correspondence was concerning Anti-Money Laundering / Counter Terrorism Financing, risk and control frameworks and governance. Following this announcement, EML’s share price fell by 45%.
This class action seeks compensation on behalf of EML shareholders who suffered loss as a result of EML’s alleged:
- Misleading and deceptive conduct
- Breaching of continuous disclosure obligations regarding potential non-compliance with relevant Irish and European regulations.
Can I join the EML Payments Shareholder Class Action ?
To be part of this class action, you must have:
- Purchased or owned shares in EML Payment Limited during the period of 11 November 2019 and 18 May 2021.
If you meet the above criteria, you may be entitled to compensation, and you are encouraged to express your interest in the EML Payments Shareholder Class Action.
How to express your interest in the EML Payments Shareholder Class Action
To express your interest on a confidential, no-cost, no-obligation basis, please click the button below and fill out the form.
Who is Shine Lawyers’ Class Action team?
Shine Lawyers’ Class Action team includes some of the firm’s most experienced solicitors and support staff. The team includes: