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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of World Acceptance Corp (NASDAQ: WRLD) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of World Acceptance Corp (NASDAQ: WRLD) concerning whether a series of statements by World Acceptance Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 10, 2015, the Company disclosed that the Consumer Financial Protection Bureau was recommending legal action be taken against the company for violations of the Consumer Financial Protection Act of 2010 with respect to its marketing and lending practices.
After the release of this news, NASDAQ: WRLD share price declined from a closing price of $51.80 per share on August 10, 2015 to a closing price of $34.00 per share on August 11, 2015, a drop of $19.50 per share or 37.6%.
Based in Greenville, SC and founded in 1962, World Acceptance Corp is small-loan consumer finance business. They provide short-term small and medium-term larger installment loans, related credit insurance and other consumer products and services.
If you purchased shares of World Acceptance Corp (NASDAQ: WRLD) on or before August 10, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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