NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP announced today that a class action lawsuit has been commenced in the United States District Court for the District of South Carolina on behalf of investors who acquired World Acceptance Corporation (“World Acceptance” or the “Company”) (NASDAQ:WRLD) securities during the period from April 25, 2013 through March 12, 2014. Investors have until June 23, 2014 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
The lawsuit alleges that World Acceptance and certain of its executive officers violated the Securities Exchange Act of 1934 during the Class Period by making a series of false and misleading statements to shareholders and by failing to disclose material adverse facts about the Company's business, operations and prospects. Specifically, the Complaint alleges that the defendants made false and misleading statements and failed to disclose that: (a) the Company's loan practices did not abide by the Consumer Financial Protection Act and/or the Truth in Lending Act; (b) the Company lacked adequate internal and financial controls; and (c) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
If you acquired World Acceptance securities during this period and you are interested in learning more about this matter and any rights you might have with respect to these claims, contact Jess Kelley or Wilona Karnadi at email@example.com, by telephone at (212) 371-6600, or by filling out this form. Please bear in mind that some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against World Acceptance can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.