Investigation of a Potential Derivative Action Concerning Shareholders of Regional Management Corp. (NYSE: RM)
Kessler Topaz Meltzer & Check, LLP is investigating a potential shareholder derivative action on behalf of Regional Management Corp. (“Regional Management”).
About Regional Management
Regional Management offers consumer finance services. The company extends credit primarily to individuals who have limited access to consumer credit from banks and other traditional lenders.
Alleged Wrongful Conduct
Regional Management recently disclosed that it had changed its underwriting practices. Thereafter, the company announced that it had “charged-off” tens of millions of dollars in uncollectable consumer loans.
Kessler Topaz is investigating whether the Board of Directors of Regional Management breached its fiduciary duties to shareholders by failing to properly oversee the company’s lending operations and underwriting practices.
If you currently own shares of Regional Management Corp. (NYSE: RM) and would like to learn more about our investigation, please contact us today at 888-299-7706 or via email at email@example.com.