A lawsuit was filed on behalf of investors in CURO Group Holdings Corp. (NYSE: CURO) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/21/2018 -- An investor, who purchased shares of CURO Group Holdings Corp. (NYSE: CURO), filed a lawsuit over alleged violations of Federal Securities Laws by CURO Group Holdings Corp.
Investors in shares of CURO Group Holdings Corp. (NYSE: CURO) have certain options and for certain investors are short and strict deadlines running. Deadline: February 4, 2019. NYSE: CURO investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that between July 31, 2018 and October 24, 2018, the CURO Group Holdings Corp. and certain senior executives violated the Securities Exchange Act of 1934 by issuing false and misleading statements, including ongoing financial guidance, relating to CURO's efforts to transition its Canadian inventory of products from "Single-Pay Loans" to "Open-End Loans." More specifically, the plaintiff claims that between July 31, 2018 and October 24, 2018, the Defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with the transition was having on the Company's financial performance and 2018 full-year Company guidance, and that the truth was revealed after the market closed on October 24, 2018, when CURO Group Holdings Corp. announced disappointing financial results for the third quarter of 2018 and substantially reduced its guidance for full-year fiscal 2018.
Those who purchased shares of CURO Group Holdings Corp. (NYSE: CURO) have certain options and should contact the Shareholders Foundation.
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