Levi amp;; Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by The Cash Store Financial

NEW YORK, April 18, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of The Cash Store Financial Services, Inc. ("CSFS" or the "Company") (NYSE: [ CSFS ]; TSX: CSF) securities concerning possible violations of securities laws.

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For more information, click here: [ http://zlk.9nl.com/cash-store-financial-services-csfs/ ].

On January 12, 2012, CSFS announced plans to offer $125 million of Senior Secured Notes to raise funds to purchase loan receivables from CSFS's third-party lenders and for general corporate purposes. On December 10, 2012, the Company announced it would restate financial statements for the three and six months ended March 31, 2012, and three and nine months ended June 30, 2012. The Company further disclosed it had inappropriately accounted for $36.8 million of the $116.3 million paid in the 2012 acquisition of a consumer loans portfolio. CSFS also announced that its provision for loan losses on its internally generated loans was understated and that the Company would record additional expenses of $3.3 million and $3.7 million for the three month periods ended March 31, 2012 and June 30, 2012. CSFS later announced the initiation of a special investigation by an independent accounting firm regarding allegations of undisclosed related party transactions in connection with the January 2012 loan portfolio acquisition. Then on April 9, 2012, CSFS received notification that it was no longer in compliance with certain NYSE standards, and would be delisted.

If you own CSFS stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://zlk.9nl.com/cash-store-financial-services-csfs/ ].

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
[ www.zlk.com ]

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Levi amp;; Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by The Cash Store Financial