Johnson & Weaver, LLP, a shareholder rights law firm, is investigating
potential claims on behalf of investors of World Acceptance Corp.
(NASDAQ:WRLD). World Acceptance engages in small-loan consumer finance
business. The Company offers short-term small and medium-term larger
installment loans, related credit insurance and ancillary products and
services to individuals. The firm’s investigation seeks to determine
whether certain officers or directors of World Acceptance violated state
or federal laws.
Last year a class action complaint was filed against World Acceptance.
The complaint alleged that throughout the Class Period
defendants issued false and misleading statements or failed to disclose
that the Company's loan practices did not abide by the Consumer
Financial Protection Act and/or the Truth in Lending Act and the
Company's financial statements concerning its business, operations and
prospects were false and misleading. The case is now proceeding to trial
as a federal judge denied the Company’s motion to dismiss.
If you have held World Acceptance shares continuously prior to April
2013, you may have standing to hold the Company harmless from the damage
the officers and directors caused by making them personally responsible.
You may also be able to assist in reforming the Company’s corporate
governance to prevent future wrongdoing.
If you are a World Acceptance shareholder interested in learning more
about the investigation, your legal rights and remedies or if you have
information that may assist in our investigation, please contact Jim
Baker (jimb@johnsonandweaver.com) at
619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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