An investigation for investors in NASDAQ:WRLD shares over potential wrongdoing at World Acceptance was announced and NASDAQ:WRLD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/04/2015 -- An investigation for investors in NASDAQ:WRLD shares was announced concerning potential wrongdoing by certain World Acceptance Corp. officers and directors.
Investors who purchased shares of World Acceptance Corp. (NASDAQ:WRLD) in 2013 or earlier and currently hold any of those NASDAQ:WRLD shares 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 actions by certain officers and directors of World Acceptance Corp. caused damage to the company and its shareholders.
On July 3, 2013, World Acceptance Corp. announced that it would be unable to timely file a complete Annual Report for the fiscal year that ended on March 31, 2013 with the Securities and Exchange Commission. Shares of World Acceptance Corp. (NASDAQ:WRLD) dropped from $88.71 per share on July 3, 2013, to $75.30 per share on July 9, 2013.
World Acceptance Corp has been named in a lawsuit alleging the company violated the federal securities laws by issuing certain false and misleading statements regarding its business practices and financial results. According to the complaint, between April 25, 2013 and March 12, 2014 World Acceptance Corp allegedly made misstatements about its lending practices, loan growth and revenue, and its financial health. A federal judge recently denied World Acceptance's motion to dismiss the allegations.
Those who purchased shares of World Acceptance Corp. (NASDAQ:WRLD) 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