Investigation of a Potential Derivative Action Concerning Shareholders of World Acceptance Corp. (Nasdaq: WRLD)
Kessler Topaz Meltzer & Check, LLP is investigating a potential shareholder derivative action on behalf of World Acceptance Corp. (“World Acceptance”).
About World Acceptance Corp.
According to its website, World Acceptance is engaged in small-loan consumer finance business in the United States and Mexico. The company primarily offers short-term and medium-term consumer installment loans, as well as related credit insurance, and ancillary products and services to individuals.
Alleged Wrongful Conduct
A series of SeekingAlpha articles recently detailed how the company employs aggressive collection procedures, questionable (and shoddy) accounting, and how the company lacks adequate internal control over financial reporting.
Kessler Topaz is investigating whether the World Acceptance Board of Directors breached their fiduciary duties to shareholders by failing to disclose that the Company's loan practices were in violation of the Consumer Financial Protection Act and/or the Truth in Lending Act.
If you currently own shares of World Acceptance Corp. (WRLD) and purchased before May 2013, and would like to learn more about our investigation, please contact us today at 888-299-7706 or via email at email@example.com.