| NetSpend Holdings, Inc. (NTSP) |
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Dyer & Berens LLP Announces Its Investigation Concerning Losses Suffered by NetSpend Holdings, Inc. Investors (NTSP)
DENVER—June 7, 2011—The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has initiated its own investigation concerning potential legal claims of NetSpend Holdings, Inc. (NASDAQ: NTSP) investors.
If you purchased and/or currently hold NetSpend common stock, or if you have information relevant to the investigation, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
NetSpend provides general purpose reloadable prepaid debit cards and alternative financial service solutions to underbanked consumers in the United States. According to the company, its products purportedly empower these consumers to become ‘‘self-banked’’ by providing FDIC-insured depository accounts with a menu of pricing and features specifically tailored to their needs.
On May 19, 2011, the Florida Attorney General’s office announced an investigation of NetSpend and other prepaid debt card companies for failing to disclose certain fees to consumers. The announcement stated that in certain instances every transaction a consumer makes using a prepaid debit card may be subject to a hidden fee. Within twenty-four hours of this announcement, NetSpend’s share price fell more than 10%.
The law firm of Dyer & Berens LLP focuses on complex class action litigation on behalf of injured investors throughout the nation. The firm’s extensive experience in securities litigation has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.
Contact:
Jeffrey A. Berens, Esq. |