WORLD ACCEPTANCE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates World Acce...
August 11 2015 - 10:00PM
Business Wire
Former Attorney General of Louisiana, Charles C. Foti, Jr.,
Esq., a partner at the law firm of Kahn Swick & Foti, LLC
(“KSF”), announces that KSF has commenced an investigation into
World Acceptance Corp. (Nasdaq: WRLD).
On August 10, 2015, World Acceptance disclosed that the Consumer
Financial Protection Bureau’s (“CFPB”) Enforcement Office is
considering recommending that the CFPB take legal action against
the Company and expects to allege that the Company violated the
Consumer Financial Protection Act of 2010 regarding its marketing
and lending practices.
On this news, the price of World Acceptance’s shares plummeted
by 34%.
KSF’s investigation is focusing on whether World Acceptance
and/or its officers and directors violated state or federal
securities laws.
If you are a World Acceptance shareholder who has suffered
losses related to your investment or have information that would
assist KSF in its investigation, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities
class action and shareholder derivative litigation with offices in
New York, California and Louisiana. KSF's lawyers have significant
experience litigating complex securities class actions nationwide
on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150811006467/en/
Kahn Swick & Foti, LLCLewis Kahn, 1 877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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