NEW YORK, June 15, 2017 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims
against the board of directors of World Acceptance Corporation
("World Acceptance Corporation" or the "Company") (NASDAQ: WRLD),
concerning whether the board has breached its fiduciary duties to
shareholders.
On June 14, 2017, World Acceptance
Corporation disclosed that it would not be able to timely file its
Form 10-K due to an internal investigation related to its
Mexico operations and "the
legality under the U.S. Foreign Corrupt Practices Act and certain
local laws of certain payments related to loans, the maintenance of
the Company's books and records associated with such payments, and
the treatment of compensation matters for certain employees."
According to the Company, it started the internal
investigation in response to an anonymous letter from a
whistleblower.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own World Acceptance Corporation
shares and wish to discuss this matter with us, or have any
questions concerning your rights and interests with regard to this
matter, please contact:
Robert I. Harwood,
Esq.
Benjamin I.
Sachs-Michaels, Esq.
Harwood Feffer
LLP
488 Madison Avenue
New York, New York 10022
Phone
Numbers: (877)
935-7400
(212)935-7400
Email:
bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many
years, serving as lead counsel in numerous cases in
federal and state courts. Please visit the Harwood Feffer LLP
website (http://www.hfesq.com) for
more information about the firm.
Attorney Advertising. The law firm responsible for
this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to
any future matter.
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SOURCE Harwood Feffer LLP