Pomerantz LLP, a renowned law firm specializing in corporate, securities, and antitrust class litigation, has launched an investigation into World Acceptance Corporation (WAC) on behalf of investors. The investigation aims to determine whether WAC and certain officers and directors have engaged in securities fraud or other unlawful business practices.
Investors who have been affected by this situation are encouraged to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980 to participate in the investigation.
The investigation follows an announcement by the Consumer Financial Protection Bureau on February 23, 2024, which highlighted concerns surrounding World Acceptance Corporation’s conduct and the need for federal supervision. As a result, WAC’s stock price experienced a decline of $11.23 per share, or 8.65%, closing at $118.59 per share on February 26, 2024.
World Acceptance Corporation, a company listed on the NASDAQ under the ticker symbol WRLD, is a leading provider of consumer financial services. While the investigation is ongoing, it is important to note that no conclusions have been reached regarding the allegations against the company or its officers and directors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, has a long-standing reputation for fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The firm was founded by the late Abraham L. Pomerantz, a pioneer in the field of securities class actions.
With over 85 years of experience, Pomerantz LLP has successfully recovered billions of dollars in damages on behalf of class members. The firm’s dedication to upholding justice and holding corporations accountable has earned them recognition as one of the premier firms in their field.
Please note that this article is for informational purposes only and should not be considered as legal advice. The outcome of the investigation is yet to be determined, and past results do not guarantee similar outcomes in future cases.
For more information about Pomerantz LLP and their ongoing efforts, please visit their website at www.pomlaw.com.
Source: Pomerantz
