NEW YORK, Aug. 13, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at World Acceptance, Corp.
("World Acceptance" or the "Company") (NasdaqGS:WRLD).
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
that the Consumer Financial Protection Bureau ("CFPB") has been
investigating the Company's marketing, offering, and extension of
credit practices for more than a year.
Specifically, after market hours on August 10, 2015, the Company disclosed that the
CFPB was expected to file a lawsuit against the company for
violations of the Consumer Financial Protection Act of 2010 with
respect to its marketing and lending practices.
After this disclosure, World Acceptance's share price fell from
a closing price of $51.80 per share
on August 10, 2015 to a closing price
of $34.00 per share on August 11, 2015, a drop of $19.50 per share or 37.6%.
Request more information now by clicking here:
www.faruqilaw.com/WRLD. There is no cost or obligation to
you.
Take Action
If you invested in World Acceptance stock or options between
April 29, 2014 and August 10, 2015 and would like to discuss your
legal rights, visit www.faruqilaw.com/WRLD. You can also
contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding World
Acceptance's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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