LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of World Acceptance Corporation (the “Company”) (NASDAQ: WRLD) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the World Acceptance Corporation investigation page on our website at www.glancylaw.com/case/world-acceptance-corporation-0.
On June 14, 2017, World Acceptance Corporation disclosed that it would not be filing its annual report on time due to an ongoing internal investigation into its Mexico operations related to “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.” The Company further disclosed that it commissioned the internal investigation in response to an anonymous letter received by the Company’s independent registered public accounting firm regarding compliance matters, and that the Company had voluntarily contacted the U.S. Securities and Exchange Commission and the U.S. Department of Justice to advise both agencies that an internal investigation was underway.
On this news, the Company’s stock price fell more than 8% during intraday trading on June 15, 2017, thereby injuring investors.
If you purchased World Acceptance Corporation securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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