The Rosen Law Firm announces the filing of a class action lawsuit on
behalf of all purchasers of the common stock of World Acceptance Corp.
(NASDAQ:WRLD) common stock during the period between April 25, 2013 and
March 12, 2014 (the “Class Period”).
To join the World Acceptance class action, go to the website at http://rosenlegal.com
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, the Defendants misrepresented the Company’s
true financial and operating conditions, as well as its business
prospects. Specifically, the Complaint alleges that the Defendants made
false and misleading statements and/or failed to disclose that: (i) the
Company's loan practices are not in compliance with the Consumer
Financial Protection Act and/or the Truth in Lending Act; and (ii) the
Company lacked adequate internal and financial controls. The lawsuit
claims that when these facts became known, the value of the Company’s
stock dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than June 23, 2014. If
you wish to join the litigation or to discuss your rights or interests
regarding this class action, please contact, Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class action
litigation and actions involving financial fraud. The Rosen Law Firm
represents investors throughout the globe.
Copyright Business Wire 2014