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Glancy, Prongay & Murray LLP announces that it is investigating potential claims on behalf of investors of World Acceptance Corporation (NASDAQ: WRLD) ("World Acceptance" or "the Company") and whether the officers and directors complied with their legal obligations to the Company and its shareholders. World Acceptance is a small-loan consumer finance business that specializes in "sub-subprime" lending. World Acceptance targets its products to customers with credit scores as low as 400 –well below the floor for "subprime" credit scores.
World Acceptance has been named in a class action complaint alleging the company violated the federal securities laws by issuing false and misleading statements regarding its loan underwriting and business practices and financial results between January 30, 2013 and April 28, 2014. According to the complaint, during that time World Acceptance allegedly engaged in illegal and unethical business practices, by deceiving borrowers into purchasing unnecessary loan insurance and refinancing their loans to boost the Company's revenues. World Acceptance investors were damaged upon discovery of the Company's alleged fraud and the subsequent decline in the World Acceptance stock price.
If you have owned World Acceptance shares since prior to January 30, 2013, if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of Glancy, Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150709006209/en/
Glancy, Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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