Girard Gibbs LLP is investigating potential claims on behalf of
investors of World Acceptance Corporation (WRLD) regarding allegations
that the company may have issued materially misleading statements to
investors. On June 14, 2017, it announced that it will launch an
internal investigation into its operations in Mexico, focusing on the
legality of certain payments related to loans.
To speak with a securities attorney regarding this class action
lawsuit investigation, click
On June 14, 2017, after the close of trading, World Acceptance
Corporation disclosed that it would not be able to file a 10-K on time,
stating it was “conducting an internal investigation of its operations
in Mexico, focusing on the legality under the U.S. Foreign Corrupt
Practices Act and certain local laws of certain payments related to
loans, the maintenance of the Company’s books and records associated
with such payments, and the treatment of compensation matters for
certain employees.” World Acceptance said that it has informed the SEC
and the U.S. Department of Justice of the investigation.
On this news, the share price of World Acceptance Corporation fell more
than 12% at the close of trading on June 15, 2017.
If you purchased or acquired World Acceptance Corporation shares and
would like to speak privately with a securities attorney to contribute
to or learn more about the investigation, visit our website
or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing
individual and institutional investors in securities
litigation to correct abusive corporate governance practices,
breaches of fiduciary duty, and proxy violations. The firm has recovered
over a billion dollars for its clients against some of the world’s
largest corporations, and has earned Tier-1 rankings and been named in
Lawyers – Best Law Firms list for five consecutive years.
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