NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces the filing of a class action lawsuit on behalf of all purchasers of the common stock of World Acceptance Corp. (NASDAQ:WRLD) common stock during the period between April 25, 2013 and March 12, 2014 (the “Class Period”).
To join the World Acceptance class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, the Defendants misrepresented the Company’s true financial and operating conditions, as well as its business prospects. Specifically, the Complaint alleges that the Defendants made false and misleading statements and/or failed to disclose that: (i) the Company's loan practices are not in compliance with the Consumer Financial Protection Act and/or the Truth in Lending Act; and (ii) the Company lacked adequate internal and financial controls. The lawsuit claims that when these facts became known, the value of the Company’s stock dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 23, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.
