On October 12, 2010, Meta Financial reported that it had received a Supervisory Directive issued by the OTS in relation to its iAdvance program. According to the OTS Directive, the Company had engaged in unfair or deceptive acts or practices in violation of FTC and OTS laws and regulations. Furthermore, per the Directive, the Company had to seek written approval from the OTS prior to entering into any new third-party agreements. After this news, Meta Financial’s stock collapsed $10.98 per share to close at $22.25 per share on October 13, 2010, a one-day decline of 33% on high volume. Then on October 18, 2010, Meta Financial announced that the Company had sought prior approval from the OTS to enter into new third-party agreements but the OTS had denied its request and informed the Company that the OTS would not allow the Company to enter into any new agreements in the foreseeable future. On this news, Meta Financial stock dropped $4.24 per share to close at $14.71 per share on October 18, 2010, a one-day decline of 22% on high volume.Plaintiff seeks to recover damages on behalf of all purchasers of Meta Financial common stock during the Class Period (the “Class”). The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Robbins Geller, a 180-lawyer firm with offices in San Diego, San Francisco, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Robbins Geller Web site ( http://www.rgrdlaw.com) has more information about the firm.