An investigation for investors in NASDAQ:WRLD shares over potential wrongdoing at World Acceptance was announced.
San Diego, CA -- (SBWIRE) -- 01/05/2016 -- An investigation was announced for shareholders in World Acceptance Corp concerning possible wrongdoing by certain World Acceptance Corp. 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 firstname.lastname@example.org or call 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.
In July 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.
In April 2014 a lawsuit was filed against World Acceptance Corp over alleged securities laws violations. The plaintiff alleged that the defendants issued 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.
On December 31, 2015, NASDAQ:WRLD shares closed at $37.10 per share.
Those who purchased shares of World Acceptance Corp. (NASDAQ:WRLD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego