NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against World Acceptance Corporation (NASDAQ:WRLD). Our investigation concerns whether World Acceptance Corporation has violated the federal securities laws and/or engaged in other unlawful business practices.
On June 14, 2017, World Acceptance Corporation announced that it would be unable to file its annual report on time due to an ongoing internal investigation into its operations in Mexico relating 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 also announced that it had contacted the U.S. Securities and Exchange Commission and the U.S. Department of Justice to notify them of the pending investigation. Following this news, World Acceptance Corporation’s shares fell $10.30 per share, or over 12%, to close at $73.00 on June 15, 2017.
If you purchased or otherwise acquired World Acceptance Corporation securities and suffered a loss, have information, 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Petrofac, please go to http://www.bespc.com/WRLD. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.