Pomerantz Appointed Lead Counsel in Paysign Securities Litigation

On December 2, 2020, U.S District Judge Gloria M. Navarro of the District of Nevada appointed Pomerantz LLP as Lead Counsel on behalf of Lead Plaintiffs Johann Francisconi and Raheel Shahzad (collectively, the “Paysign Investor Group”) in In re Paysign, Inc. Securities Litigation, 20-cv-553 (D. Nev.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Paysign, Inc. failed to disclose that the Company had ineffective controls governing its financial reporting and information technology.