World Acceptance Corp. Investors: Legal Investigation Commenced by Girard Gibbs LLP for Potential Securities Law Violations
June 15 2017 - 6:16PM
Business Wire
Girard Gibbs LLP is investigating potential claims on behalf of
investors of World Acceptance Corporation (WRLD) regarding
allegations that the company may have issued materially misleading
statements to investors. On June 14, 2017, it announced that it
will launch an internal investigation into its operations in
Mexico, focusing on the legality of certain payments related to
loans.
To speak with a securities attorney regarding this class
action lawsuit investigation, click here.
On June 14, 2017, after the close of trading, World Acceptance
Corporation disclosed that it would not be able to file a 10-K on
time, stating it was “conducting an internal investigation of its
operations in Mexico, focusing on 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.” World Acceptance said
that it has informed the SEC and the U.S. Department of Justice of
the investigation.
On this news, the share price of World Acceptance Corporation
fell more than 12% at the close of trading on June 15, 2017.
If you purchased or acquired World Acceptance Corporation shares
and would like to speak privately with a securities attorney to
contribute to or learn more about the investigation, visit our
website or contact the securities team directly at (800)
254-9493.
Girard Gibbs LLP is one of the nation’s leading firms
representing individual and institutional investors
in securities litigation to correct abusive corporate
governance practices, breaches of fiduciary duty, and proxy
violations. The firm has recovered over a billion dollars for its
clients against some of the world’s largest corporations, and has
earned Tier-1 rankings and been named in the U.S. Lawyers –
Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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Girard Gibbs LLPEileen Epstein,
510-350-9728EJE@CLASSLAWGROUP.COM
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