BOULDER, Colo.--(BUSINESS WIRE)--The Shuman Law Firm today announced that it is investigating potential claims against certain officers and directors of Meta Financial Group, Inc. ("Meta" or the "Company") (NASDAQ:CASH). Meta provides traditional banking products and services as well as electronic payment systems.
The Shuman Law Firm’s investigation focuses on allegations by the Office of Thrift Supervision ("OTS") wherein it determined that Meta had engaged in “unfair or deceptive acts or practices in violation of Section 5 of the Federal Trade Commission Act and the OTS Advertising Regulation in connection with the Bank's operation of the iAdvance program.” The firm is also investigating the Company’s disclosure that the anticipated discontinuance of the iAdvance program and the potential discontinuance of tax-related programs would “eliminate a substantial portion of [the Company's] gross profit.”
If you currently own Meta common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or email Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.