San Diego, CA -- (SBWIRE) -- 05/10/2016 -- Credit Acceptance Corp is under investigation over potential securities laws violations. The investigation was announced for investors who purchased NASDAQ:CACC shares over potential breaches of fiduciary duties by certain Credit Acceptance directors in connection with the recently announced subpoena that was received by Credit Acceptance Corp.

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 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.

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.

On May 2, 2016, Credit Acceptance Corp. disclosed that on March 18, 2016, it received a subpoena from the Attorney General of the State of Maryland, relating to the Company's repossession and sale policies and procedures in the state of Maryland.

Shares of Credit Acceptance Corp. (NASDAQ:CACC) declined on May 3, 2016 to $178.31 per share.

Those who purchased shares of Credit Acceptance Corp. 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