An investigation on behalf of investors in Credit Acceptance Corp. (NASDAQ:CACC) shares over potential wrongdoing at Credit Acceptance was announced and NASDAQ:CACC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/10/2016 -- An investigation for shareholders in Credit Acceptance Corp. (NASDAQ:CACC) was announced concerning possible breaches of fiduciary duties by certain directors at Credit Acceptance.
Investors who purchased shares of Credit Acceptance Corp. (NASDAQ:CACC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Credit Acceptance directors breached their fiduciary duties and caused damage to the company and its shareholders.
Credit Acceptance Corp. reported that its annual Total Revenue rose from $525.19 million in 2011 to $723.50 million in 2014 and that its Net Income increased from $188.04 million in 2011 to $266.20 million in 2014.Shares of Credit Acceptance Corp. (NASDAQ:CACC) grew from $113.37 per share in August 2014 to as high as $261.14 per share in July 2015.
On November 6, 2015, Credit Acceptance Corp. disclosed that on September 18, 2015, it received a subpoena from the Attorney General of the State of New York, Civil Rights Bureau relating to the Company's origination and collection of Consumer Loans in the state of New York.
Those who purchased shares of Credit Acceptance Corp. (NASDAQ:CACC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com