An investigation on behalf of investors in Credit Acceptance Corporation (NASDAQ: CACC) shares over potential wrongdoing at Credit Acceptance Corporation was announced.
San Diego, CA -- (SBWIRE) -- 04/26/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Credit Acceptance Corporation.
Investors who purchased shares of Credit Acceptance Corporation (NASDAQ: CACC) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Credit Acceptance Corporation (directors breached their fiduciary duties and caused damage to the company and its shareholders.
Southfield, MI based Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. On January 4, 2023, the Consumer Financial Protection Bureau and the New York State Attorney General's Office announced the filing of a complaint against Credit Acceptance. The lawsuit alleged that Credit Acceptance, a subprime auto lender, hid the true costs of its borrowings, used aggressive debt-collection tactics, and violated New York usury laws on interest-rate limits and other investor-protection laws.
Those who purchased shares of Credit Acceptance Corporation (NASDAQ: CACC) have certain options and should contact the Shareholders Foundation.
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