San Diego, CA -- (SBWire) -- 07/16/2013 --An investigation on behalf of investors of World Acceptance Corp. (NASDAQ:WRLD) shares over potential securities laws violations by World Acceptance Corp. and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of World Acceptance Corp. (NASDAQ:WRLD) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of World Acceptance Corp. (NASDAQ:WRLD) concerning whether a series of statements by World Acceptance Corp. (NASDAQ:WRLD. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
World Acceptance Corp. reported that its Total Revenue rose from $440.64 million for the 12 months period that ended on March 31, 2010 to $583.72 million for the 12 months period that ended on March 31, 2013, and that its Net Income for those respective time periods increased from $73.66 million to $104.09 million.
Shares of World Acceptance Corp. (NASDAQ:WRLD) grew from $11.26 per share in March 2009 to as high as $94.14 per share on June 6, 2013.
On July 3, 2013, World Acceptance Corp. announced that it would be unable to timely file a complete Annual Report for the fiscal year that ended on March 31, 2013 with the Securities and Exchange Commission.
Shares of World Acceptance Corp. (NASDAQ:WRLD) dropped from $88.71 per share on July 3, 2013, to $75.30 per share on July 9, 2013.
On July 12, 2013, NASDAQ:WRLD shares closed at #82.00 per share.
Those who purchased shares of World Acceptance Corp. (NASDAQ:WRLD), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
World Acceptance Corp. (NASDAQ:WRLD) Investor Alert: Investigation over Possible Violations of Securities Laws
An investigation for investors in World Acceptance Corp. (NASDAQ:WRLD) shares over potential securities laws violations by World Acceptance Corp. was announced and NASDAQ:WRLD stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com