NEW YORK, Nov. 7, 2017 /PRNewswire/ -- Juan
Monteverde, founder and managing partner at Monteverde &
Associates PC, a boutique securities firm headquartered at the
Empire State Building in New York
City announces an investigation against World Acceptance
Corporation(NasdaqGS: WRLD)("World Acceptance" or the "Company")
for possible violations of federal securities laws.
The investigation focuses on whether World Acceptance and
certain of its officers and/or directors violated federal
securities laws.
On June 14, 2017 World Acceptance
revealed that it would postpone filing its annual report on Form
10-K with the U.S. Securities and Exchange Commission ("SEC"),
citing an internal probe of its Mexico operations.
According to the filing, the Company is "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." Following
this announcement World Acceptance's share price fell from
$83.30 per share on June 14, 2017 to a closing price of $73.00 on June 15,
2017.
Then on August 8, 2017, the
Company disclosed that the SEC had "issued a formal order of
investigation" in connection with the internal investigation,
causing the stock dropped $1.74 per
share, or 2.16%, to close at $78.68 on August 9,
2017.
Mr. Monteverde would like to personally discuss with you how
to potentially recover your monetary losses.
Click here for more information:
http://monteverdelaw.com/securities/. It is free
and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct. Mr. Monteverde, who leads the legal team at
the firm, has been recognized by Super Lawyers as a Rising Star in
Securities Litigation in 2013 and 2017, an award given to less than
2.5% of attorneys in a particular field.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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