Comments
Niklas Bjorkman wrote: Firstly I agree with your conclusion. NewSQL takes the best of the traditional databases and NoSQL databases to combine the benefits of both worlds. I do not agree that NewSQL vendors focus on giving scale-out features to transactional data. The NewSQL market is focusing on giving true ACID support combined with extreme performance, stepping away from the traditional relational structures in databases. A lot of developers appreciate the ease of accessing data using SQL and I think we will see more and more databases supporting standard SQL. As you said - NewSQL databases often maintain the...
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Block & Leviton LLP Investigates Net 1 UEPS Technologies, Inc. and Certain of Its Officers and Directors for Possible Violations of the Federal Securities Laws

BOSTON, Dec. 4, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations involving Net 1 UEPS Technologies, Inc. ("Net 1" or the "Company") (NASDAQ: UEPS) following the Company's disclosure of investigations being conducted by the Department of Justice ("DOJ"), Criminal Division, and Securities and Exchange Commission ("SEC") regarding violations of the Foreign Corrupt Practices Act and other laws.

More specifically, on December 4, 2012, the Company announced that it had received a letter on November 30, 2012 from the DOJ that the Federal Bureau of Investigation "have begun an investigation into whether [the Company] ..., including [its] officers, directors, employees, and agents ... violated provisions of the Foreign Corrupt Practices Act and other U.S. federal criminal laws by engaging in a scheme to make corrupt payments to officials of the Government of South Africa in connection with securing a contract with the South African Social Security Agency to provide social welfare and benefits payments and also engaged in violations of the federal securities laws in connection with statements made by Net 1 in its SEC filings regarding this contract."  Not surprisingly, the SEC, Division of Enforcement, has also launched an investigation.

News of the DOJ and SEC investigations shocked the market and the Company's stock price fell by more than 55% in mid-day trading.  Based on the information to date, it appears that the Company's wrongdoing spanned from January 19, 2012 to December 4, 2012.

Block & Leviton's investigation seeks to determine, among other things, whether Net 1 and its officers and directors have violated the federal securities laws.  If you have any information relevant to this investigation, or have questions about your legal rights, please contact Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or email him at Steven@blockesq.com

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.

Contact:      

BLOCK & LEVITON LLP


Steven P. Harte, Esq.


(617) 398-5600


Steven@blockesq.com

SOURCE Block & Leviton LLP

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
Looking to hang with the cool kids, Yahoo CEO Marissa Mayer, swearing “not to screw it up,” is buying Tumblr for a cool $1.1 billion, a big chunk of her $5.4 billion pocketbook since it’s “substantially all” in cash. The New York-based acquisition will remain a separate business with...
“Open source has always provided a number of benefits, including easing adoption costs, propagating a better understanding of the technology, and allowing for faster evolution and commercialization of products and services based on it,” noted Terry Woloszyn, Founder & CEO, Leeward Secu...
Cloud computing must have been brushing up on its bedside manner. HIPAA requirements now stipulate everyone in the health-care industry must begin migrating patient records and other data to cloud computing. By 2015, all medical professionals with access to patient records must utiliz...
Our more interconnected planet is accelerating the adoption and convergence of next-generation architectures, in the form of cloud, mobile and instrumented physical assets. Organizations that can effectively balance optimization and innovation, will be in a position to leverage new sys...
Daryl Taft’s article in eWeek reminded me that next month, on June 6th. IBM’s DB2 RDBMS product will celebrate its 30th. anniversary. This has a personal significance for me. I was part of the DB2 planning team then and on …
In an ideal developer/systems administrator’s world, most applications would deploy seamlessly to multiple platforms and scale elastically with minimal effort bringing the unprecedented agility of the cloud within immediate reach of developer teams and IT organizations. OpenStack, a ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE