Block & Leviton LLP Investigates Credit Acceptance Corporation (CACC) for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm

BOSTON, MA / ACCESSWIRE / August 31, 2020 / Credit Acceptance Corp. (NASDAQ:CACC) is facing a wave of investigations for its improper business practices. At least 39 states are investigating CACC for repossession and sales policies and procedures. CACC's stock price has sharply dropped on this news.

Today, the Attorney General of Massachusetts filed a lawsuit against CACC for allegedly making unfair and deceptive auto loans to thousands of Massachusetts consumers, providing investors with false or misleading information regarding auto securities they offered, and engaging in unfair debt collection practices. The Massachusetts AG's suit alleges that this misconduct has been ongoing since approximately 2013. On this news, the price of CACC common stock has fallen precipitously and is down approximately 12% in intraday trading.

Block & Leviton LLP (www.blockleviton.com), a national securities litigation firm, is investigating possible securities laws violations by CACC and certain of its executives. CACC investors who have lost money are encouraged to contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or at https://www.blockleviton.com/cases/cacc.

Block & Leviton LLP (www.blockleviton.com) is a nationwide firm dedicated to representing investors and maintaining the integrity of the country's financial markets. The firm represents many of the nation's largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm's lawyers have recovered billions of dollars for its clients.

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CONTACT:

BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com

SOURCE: Block & Leviton LLP

www.blockleviton.com