SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into World Acceptance Corp. Following Disclosure of Delay in Filing Annual Report
Levi & Korsinsky is investigating potential claims on behalf of
purchasers of World Acceptance Corp. (“World Acceptance” or the
“Company”) (NasdaqGS: WRLD) stock.
For more information, click here: http://zlk.9nl.com/world-acceptance-wrld/.
The investigation relates to World Acceptance’s disclosure that the
Company would not file a complete Annual Report on Form 10-K for the
fiscal year ended March 31, 2013. The delay, explained in a Notification
of Late Filing filed July 3, 2013 with the Securities and Exchange
Commission, was the product of “unexpected delays in completing our
financial statements relating to additional review and analysis needed
to support the Company’s allowance for loan losses.” The Notice went on
to say that as result of these issues, “it is possible that the
Company’s amended Form 10-K will report a material weakness in its
internal control over financial reporting relating to its process for
determining its allowance for loan losses. …” Two days later, the
Company’s stock price dropped 11% to a close at $78.20, on heavy trading
volume.
If you own World Acceptance stock and wish to obtain additional
information about the investigation and your legal rights please contact
Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/world-acceptance-wrld/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
Copyright Business Wire 2013