ATLANTA, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC informs investors that it has filed a class action lawsuit against Shift4 Payments, Inc. (“Shift4,” or the “Company”) (NYSE: FOUR). The lawsuit alleges Shift4 made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and compliance policies, including: (i) Shift4 had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) as a result, Shift4 failed to properly account for customer acquisition costs, thereby artificially inflating its net cash provided by operating activities; (iii) accordingly, Shift4 would likely be forced to restate one or more of its previously issued financial statements; (iv) Shift4 employed accounting maneuvers in connection with, among other things, its mass strategic buyout program and sponsor bank merchant settlement account, that were designed to present an inaccurate picture of the Company’s performance, its underlying business quality, and its earnings power; and (v) all the foregoing, once revealed, was likely to negatively impact Shift4’s reputation and business.



If you bought shares of Shift4 between November 10, 2021 and April 18, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website https://holzerlaw.com/case/shift4/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is October 19, 2023.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

CONTACT:

Corey Holzer, Esq.

(888) 508-6832 (toll-free)

cholzer@holzerlaw.com