An investigation on behalf of investors in Encore Capital Group, Inc. (NASDAQ:ECPG) shares over potential wrongdoing at Encore Capital Group, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/16/2020 -- Certain directors of Encore Capital Group, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Encore Capital Group, Inc. (NASDAQ: ECPG) 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 Encore Capital Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Diego, CA based Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. On September 8, 2020, the Consumer Financial Protection Bureau ("CFPB") filed a complaint alleging that Encore Capital Group, Inc. and its subsidiaries violated a consent order "by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it."
Shares of Encore Capital Group, Inc. (NASDAQ: ECPG) declined from $49.01 per share on September 2, 2020, to as low as $36.91 per share on September 21, 2020.
Those who purchased shares of Encore Capital Group, Inc. (NASDAQ: ECPG) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.