Glancy, Prongay & Murray LLP Investigates Claims on Behalf of World Acceptance Corporation Investors
July 09 2015 - 3:35PM
Business Wire
Glancy, Prongay & Murray LLP announces that it is
investigating potential claims on behalf of investors of World
Acceptance Corporation (NASDAQ: WRLD) (“World Acceptance” or “the
Company”) and whether the officers and directors complied with
their legal obligations to the Company and its shareholders. World
Acceptance is a small-loan consumer finance business that
specializes in “sub-subprime” lending. World Acceptance targets its
products to customers with credit scores as low as 400 –well below
the floor for “subprime” credit scores.
World Acceptance has been named in a class action complaint
alleging the company violated the federal securities laws by
issuing false and misleading statements regarding its loan
underwriting and business practices and financial results between
January 30, 2013 and April 28, 2014. According to the complaint,
during that time World Acceptance allegedly engaged in illegal and
unethical business practices, by deceiving borrowers into
purchasing unnecessary loan insurance and refinancing their loans
to boost the Company’s revenues. World Acceptance investors were
damaged upon discovery of the Company’s alleged fraud and the
subsequent decline in the World Acceptance stock price.
If you have owned World Acceptance shares since prior to January
30, 2013, if you have information or would like to learn more about
these claims, or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Lesley Portnoy, of Glancy, Prongay & Murray LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150709006209/en/
Glancy, Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
World Acceptance (NASDAQ:WRLD)
Historical Stock Chart
From Jun 2024 to Jul 2024
World Acceptance (NASDAQ:WRLD)
Historical Stock Chart
From Jul 2023 to Jul 2024