The Law Offices of Frank R. Cruz Announces Investigation of World Acceptance Corporation (WRLD) on Behalf of Investors

Loading...
Loading...

The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of World Acceptance Corporation ("World Acceptance" or the "Company") WRLD concerning whether the board breached its fiduciary duties to shareholders.

If you are a shareholder, click here to participate.

On August 6, 2020, the U.S. Securities and Exchange Commission ("SEC") announced that World Acceptance would pay $21.7 million to resolve claims that its former subsidiary paid millions in bribes to the Mexican government and union officials. According to the SEC's order, "the tone at the top from [the Company's] management did not support robust internal audit and compliance functions, and undermined the effectiveness of those functions."

Our investigation concerns whether the Company's board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you still hold World Acceptance shares purchased before August, 2020 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.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.

Loading...
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...