BOULDER, Colo.--(BUSINESS WIRE)--The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of World Acceptance Corp. (“World Acceptance” or the “Company”) (Nasdaq: WRLD). World Acceptance is a Greenville, SC-based company that offers small-loan consumer finance.
The Firm’s investigation relates to whether certain current and/or former senior officers and directors breached their fiduciary duties to the Company by allegedly causing the Company’s loan practices to violate the Consumer Financial Protection Act and/or the Truth in Lending Act. Allegations of aggressive collection procedures and questionable accounting practices were first raised in a series of articles on the financial website SeekingAlpha. Following the publication of these articles, World Acceptance shareholders filed a class action lawsuit against the Company alleging a scheme to fraudulently inflate the Company’s stock price by misrepresenting and concealing information about World Acceptance’s business practices. Recently, a federal judge denied the Company’s motion to dismiss the class action lawsuit and the case is now proceeding toward trial.
If you currently own World Acceptance common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman toll-free at (866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.