CHICAGO, Dec. 5, 2018 /PRNewswire/ -- Keller Lenkner
LLC today announced that a class action has been commenced on
behalf of all purchasers of securities of CURO Group Holdings Corp.
("CURO" or the "Company") (NYSE: CURO) from July 31, 2018 through and including October 24, 2018 (the "Class Period"). The
action was filed in the District of Kansas and is captioned Yellowdog Partners,
LP v. CURO Group Holdings Corp., et al., No.
2:18-cv-02662.
The complaint alleges that CURO and certain senior executives—
Defendants Donald F. Gayhardt,
William Baker and Roger
Dean—violated the Securities Exchange Act of 1934 by issuing false
and misleading statements, including ongoing financial guidance,
relating to CURO's efforts to transition its Canadian inventory of
products from "Single-Pay Loans" to "Open-End Loans." In this
regard, throughout the Class Period, Defendants materially
misrepresented to investors the deleterious effect that the
up-front loan loss provisioning in connection with the transition
was having on the Company's financial performance and 2018
full-year Company guidance. The truth was revealed after the
market closed on October 24, 2018,
when the Company announced disappointing financial results for the
third quarter of 2018 and substantially reduced its guidance for
full-year fiscal 2018. Upon revelation of the true facts,
CURO stock lost $7.69 per share,
falling from $22.87 on October 24, 2018, the last day of the Class
Period, to $15.18 on October 25, 2018.
If you wish to serve as lead plaintiff for the class, you must
file a motion with the Court no later than February 4, 2019, which is the first business day
on which the U.S. District Court for the District of Kansas is open that is 60 days after the
publication date of December 5,
2018. Any member of the proposed class may move the Court to
serve as lead plaintiff through counsel of their choice.
The plaintiff is represented by Keller Lenkner. If you
wish to discuss this action or have any questions concerning this
notice or your rights or interests, please contact plaintiff's
counsel, Ashley Keller of Keller
Lenkner, at (312) 741-5220 or by email at
ack@kellerlenkner.com.
Keller Lenkner pursues high-stakes litigation for plaintiffs
across a variety of claims and practice areas. Its lawyers
are uniquely situated at the intersection of law and finance, with
experience that includes litigating in federal and state courts
throughout the United States. For more information, visit
www.kellerlenkner.com.
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SOURCE Keller Lenkner LLC