Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court, Eastern District of Pennsylvania against USA Technologies, Inc. (“USA Technologies”) (NasdaqGM: USAT) and several officers and directors for acts taken during the period of September 29, 2014 through September 29, 2015 (the “Class Period”).

If you are an affected USA Technologies shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com, or call toll free at (877) 728-9607. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants failed to disclose significant deficiencies in both the design and operating effectiveness of its internal control over financial reporting. The deficiencies, when aggregated, represented a material weakness in internal control and caused USA Technologies’ procedures to fail to identify a large number of uncollectible small balance accounts. As a result of the foregoing, the Company’s public statements were materially false and misleading at all relevant times. USA Technologies filed a Notification of Late Filing post market with the SEC on September 29, 2015 announcing that it was unable to file its annual report for the fiscal year ended June 30, 2015. USA Technologies stock dropped significantly immediately following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.