Goldfarb Branham LLP is investigating the board of NetSpend (NASDAQ: NTSP) for shareholders due to allegations that the company failed to disclose customers’ fees related to their prepaid credit cards. Concerned NetSpend stockholders who have held shares since early 2010 are encouraged to contact Hamilton Lindley toll-free at 877-583-2855 or at hlindley@goldfarbbranham.com.

“When the Florida Attorney General Economic Crimes Division announced it was investigating the company, shares of NetSpend plummeted 10% on May 19, 2011,” securities attorney Hamilton Lindley said. “NetSpend has continuously failed to disclose fees to customers, prompting a criminal investigation, and endangering shareholders’ stake in the company.”

Goldfarb Branham’s proposed shareholder lawsuit seeks to install proper corporate governance at NetSpend that leads to an increased stockholder value. The firm has significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. NetSpend investors – or anyone with knowledge about this issue – should contact lawyer Hamilton Lindley at hlindley@goldfarbbranham.com or 877-583-2855.

Copyright Business Wire 2010

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