Johnson & Weaver, LLP, a shareholder rights law firm, is investigating potential claims on behalf of investors of World Acceptance Corp. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150625005861/en/
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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