OAKLAND, Calif.--(BUSINESS WIRE)--Girard Gibbs LLP is investigating potential claims on behalf of investors of World Acceptance Corporation (WRLD) regarding allegations that the company may have issued materially misleading statements to investors. On June 14, 2017, it announced that it will launch an internal investigation into its operations in Mexico, focusing on the legality of certain payments related to loans.
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On June 14, 2017, after the close of trading, World Acceptance Corporation disclosed that it would not be able to file a 10-K on time, stating it was “conducting an internal investigation of its operations in Mexico, focusing on 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.” World Acceptance said that it has informed the SEC and the U.S. Department of Justice of the investigation.
On this news, the share price of World Acceptance Corporation fell more than 12% at the close of trading on June 15, 2017.
If you purchased or acquired World Acceptance Corporation shares and would like to speak privately with a securities attorney to contribute to or learn more about the investigation, visit our website or contact the securities team directly at (800) 254-9493.
Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for five consecutive years.
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