LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of World Acceptance Corporation (“World Acceptance” or the “Company”) (NASDAQ: WRLD) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the World Acceptance investigation page on our website www.glancylaw.com/case/world-acceptance-corporation.
The investigation focuses on the legality under the U.S. Foreign Corrupt Practices Act and local laws of certain payments related to loans, maintenance of books and records, and treatment of compensation matters for certain employees. On June 14, 2017, World Acceptance disclosed that it would postpone filing its annual report on Form 10-K with the U.S. Securities and Exchange Commission ("SEC"), citing an internal probe of its Mexico operations. On this news, World Acceptance shares dropped $10.30, or 12.36%, to close at $73.00 on June 15, 2017.
Then on August 8, 2017, World Acceptance announced that the SEC had "issued a formal order of investigation" in connection with its internal probe of its Mexico operations.
On this news, World Acceptance shares dropped $1.74 per share, or 2.16%, to close at $78.68 on August 9, 2017, thereby injuring investors.
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If you purchased World Acceptance securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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