Ryvyl Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
After the market closed on January 20, 2023, Ryvyl announced that the financial statements for the year-end and interim periods for fiscal 2021 and 2022 were unreliable. The company said it plans to file restatements, which will show a decrease in revenue, an increase in net losses, a decrease in assets, and a decrease in stockholders’ equity. Ryvyl also revealed that it had identified issues with its internal controls over financial reporting, including a problem with accounting for certain complex business transactions. Following this announcement, the company’s stock price dropped 14.6% to $0.70 per share on January 23, 2023, causing harm to investors.
