Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Oct. 29, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Encore Capital Group, Inc. ("Encore" or the "Company") (NYSE: ECPG) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. The investigation focuses on allegations that Encore Capital may have issued materially misleading business information to the investing public.
Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com . The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation focuses on whether Encore issued misleading and/or false statements and/or failed to disclose information pertinent to investors. On September 8, 2020 a complaint was filed by the Consumer Financial Protection Bureau ("CFPB") against Encore and its subsidiaries. It is alleged in this complaint that the Encore violated a consent order "by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it." Shares of Encore fell sharply over the next two trading sessions based on this news.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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