The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Credit Acceptance Corporation (“CACC” or “the Company”) (NASDAQ: CACC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Attorney General of Massachusetts filed a lawsuit against CACC on August 31, 2020. The Lawsuit alleges that the Company made unfair and deceptive loans to consumers and engaged in unfair debt collection tactics, amongst other charges. According to the AG, the Company has engaged in this behavior since 2013. Based on this news, shares of CACC fell more than 15% in intraday trading.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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