Securities Fraud Investigation Into Pathward Financial, Inc. (CASH) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into Pathward Financial, Inc. (CASH) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz announces an investigation of Pathward Financial, Inc. (“Pathward” or the “Company”) (NASDAQ: CASH) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON PATHWARD FINANCIAL, INC. (CASH), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is the Investigation About?
On July 22, 2026, Pathward reported fiscal third-quarter 2026 results. Among other things, the Company recognized a provision for credit losses of $28.3 million for the quarter ended June 30, 2026, compared to $9.3 million for the comparable period in the prior fiscal year. In the Company’s earnings call, Pathward’s CEO Brett Pharr stated the increased provision was due in part to the Company having “identified a working capital loan that we believe involves a sophisticated fraud.” The Company also reported nonperforming assets were $277.5 million, representing 3.79% of total assets, compared to only $74.7 million, or 1.03% of total assets in the same period in the prior fiscal year.
On this news, Pathward’s stock price fell $5.55 or 6.25%, to close at $83.12 on July 23, 2026, thereby injuring investors.
Contact Us to Participate or Learn More:
If you purchased Pathward securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260727564180/en/
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