Zamansky LLC Announces it is Investigation Higher One Holdings Inc on Behalf of Long-Term Shareholders

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					                       Law Firm Newswire
                       Attorney Press Releases and Legal News
                       http://www.lawfirmnewswire.com

Zamansky LLC Announces That It Is Investigating Higher One
Holdings Inc. On Behalf of Long-Term Shareholders




Zamansky, LLC




New York, NY (Law Firm Newswire) June 9, 2014 – Zamansky LLC announces that it is investigating Higher One
Holdings Inc. (NYSE: ONE) for a possible shareholder derivative action. Higher One provides technology and
payment service to the higher education industry and is based in New Haven, CT and incorporated in Delaware.
The investigation concerns allegations of breaches of duties owed to shareholders by the officers and directors.

On May 12, 2014, Higher One disclosed in its quarterly financial statement filing with the SEC that it is facing
penalties from the Federal Reserve over alleged violations tied to its marketing of a debit account used by students
who receive financial aid refunds. The filing notes that such penalties could trigger a default on the company’s
credit facilities.

As recently as August 8, 2012, the company has settled with the Federal Deposit Insurance Corporation (“FDIC”)
after the FDIC found that they had utilized unfair and deceptive practices in violation of Section 5 of the Federal
Trade Commission Act. The company agreed to provide restitution of $11 million to 60,000 students. The
company’s officers and directors responsible for these violations appear to have not changed its ways over the
past two years and continue to deceive its college student customers.

According to stock fraud attorney Jacob Zamansky, the long-term shareholders of Higher One stand to benefit from
the success of a shareholder derivative lawsuit. Shareholder derivative lawsuits are very different from securities
fraud lawsuits. Any long-term Higher One shareholder may contact us for information on commencing a derivative
lawsuit to protect long-term shareholders’ rights.

What Higher One Shareholders Can Do
If you are a Higher One stockholder who has held the stock continuously since at least August 2012, and still hold,
and wish to discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com
or call the law firm at (212) 742-1414.

About Zamansky LLC
Zamansky LLC is a leading securities class action and investor arbitration law firm since 1998. We specialize
representing both individual and institutional investors. Our practice is nationally recognized for our ability to
aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.

Contact
Zamansky LLC
50 Broadway - 32nd Floor
New York, NY 10004

Jake Zamansky




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                                                       Law Firm Newswire
                                                       Attorney Press Releases and Legal News
                                                       http://www.lawfirmnewswire.com

                                   Phone: 212-742-1414
                                   Email: jake(at)zamansky(dot)com




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