INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against CURO Group Holdings ...
December 27 2018 - 8:30PM
Business Wire
The law firm of Kirby McInerney LLP reminds investors that a
class action lawsuit has been filed in the U.S. District Court for
the District of Kansas on behalf of all persons or entities who
acquired CURO Group Holdings Corp. (“CURO” or the “Company”) (NYSE:
CURO) securities between July 31, 2018 and October 24, 2018 (the
“Class Period”). Investors have until February 4, 2019 to
apply to the Court to be appointed as lead plaintiff in the
lawsuit.
According to the lawsuit, CURO and certain senior executives
materially misrepresented to investors the negative effect that the
up-front loan loss provisioning in connection with the transition
of the Company’s Canadian inventory of products from “Single-Pay
Loans” to “Open-End Loans” was having on the Company’s financial
performance and 2018 full-year Company guidance. This caused the
Company to materially overstate its 2018 projected financial
results, including CURO’s adjusted EBITDA, net revenue, and
operating earnings.
On October 24, 2018, the Company announced disappointing
financial results for the third quarter of 2018 and substantially
reduced its guidance for full-year fiscal 2018. On this news, CURO
stock fell $7.69 per share, or over 33%, to close at $15.18 on
October 25, 2018.
If you acquired CURO securities, have information, or would like
to learn more about these claims, please contact Thomas W. Elrod of
Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20181227005387/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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