NEW YORK, Aug. 11, 2015 /PRNewswire/ -- Bernstein
Liebhard LLP is investigating whether World Acceptance Corp.
("World Acceptance" or "the Company") (NASDAQ: WRLD) issued
materially false and misleading statements to investors in
violation of the federal securities laws.
On August 10, 2015, after the
market closed, the Company disclosed that the Consumer Financial
Protection Bureau ("CFPB") expects to bring civil charges against
World Acceptance. The Company said the CFPB's enforcement
unit expects to allege that the Company violated the Consumer
Financial Protection Act of 2010 with respect to its marketing and
lending practices. The CFPB has been investigating World
Acceptance's marketing, offering and extension of credit for more
than a year.
On this news, WRLD stock fell over $19.50 per share, or more than 37% from its
closing price of $51.80 per share
August 10, 2015 during intraday
trading on August 11, 2015.
If you are interested in discussing your rights as a WRLD
shareholder and/or have information relating to the matter, please
contact Joseph R. Seidman, Jr. at
(877) 779-1414 or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients. The
National Law Journal has recognized Bernstein Liebhard for
twelve consecutive years as one of the top plaintiffs' firms in the
country.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2015 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
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SOURCE Bernstein Liebhard LLP