SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 07, 2015 14:41 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of VASCO Data Security International, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of September 28, 2015 -- VDSI

NEW YORK, NY--(Marketwired - Aug 7, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of VASCO Data Security International, Inc. ("VASCO") (NASDAQ: VDSI) between February 18, 2014 and July 21, 2015.

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of Illinois Eastern Division. If you purchased or otherwise acquired VASCO securities between February 18, 2014 and July 21, 2015, inclusive, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/vasco-data-security-vdsi

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) VASCO's products were illegally sold to parties in Iran in violation of federal laws prohibiting such sales; (2) the Company lacked adequate internal controls; and (3) as a result of the foregoing, VASCO's public statements were materially false and misleading at all relevant times.

On July 21, 2015, after the market closed for trading, VASCO filed a Form 8-K with the SEC announcing "that certain of its products which were sold by a VASCO European subsidiary to a third-party distributor may have been resold by the distributor to parties in Iran, potentially including parties" subject to U.S. economic sanctions.

If you suffered a loss in VASCO you have until September 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com