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May 13, 2022, 5:41 p.m. EDT

Gainey McKenna & Egleston Investigates Potential Claims On Behalf of Investors of PaySign, Inc. (PAYS)

NEW YORK, May 13, May 13, 2022 (GLOBE NEWSWIRE via COMTEX) -- NEW YORK, May 13, 2022 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that it is investigating whether the directors and/or officers of PaySign, Inc. ("PaySign" or the "Company") /zigman2/quotes/202680178/composite PAYS +3.24% breached their fiduciary duties of loyalty, good faith and candor and whether the Company suffered substantial harm as a result.

According to a complaint filed by investors in the securities of the Company, Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Paysign's internal control over financial reporting was not effective; (2) Paysign's information technology general controls were not effective; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you are an investor in PaySign securities and wish to discuss your rights or if you are aware of any facts relating to this investigation, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com .

Please visit our website at http://www.gme-law.com for more information about the firm.

COMTEX_407158818/2471/2022-05-13T17:40:44

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/zigman2/quotes/202680178/composite
US : U.S.: Nasdaq
$ 2.87
+0.09 +3.24%
Volume: 194,142
Aug. 18, 2022 1:08p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$144.57 million
Rev. per Employee
$416,919
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