WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Credit Acceptance Corporation (NASDAQ GS: CACC)?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that it has commenced an investigation of Credit Acceptance Corporation (“Credit Acceptance” or the “Company”) (NASDAQ GS: CACC) for possible violations of the federal securities laws by the Company and certain of its officers and directors.
In a Form 10-Q filed with the United States Securities and Exchange Commission on November 6, 2015, Credit Acceptance disclosed that it had received a subpoena from the Attorney General of the State of New York on September 18, 2015 in connection with the Company’s origination and collection of consumer loans in the State of New York. The price of the Company’s stock has steadily fallen from a close of $206.60 per share on September 18, 2015, to close at $169.76 per share on November 20, 2015.
If you purchased shares of Credit Acceptance and wish to discuss this investigation, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to firstname.lastname@example.org; or at: http://rigrodskylong.com/investigations/credit-acceptance-corporation-cacc.
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