Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $16 Million Settlement in the World Acceptance Corporation (NASDAQ:WRLD) Investor Lawsuit

Via: ReleaseWire

Updated 11:00 AM CST, Tue, January 16,2018

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of World Acceptance Corporation (NASDAQ: WRLD) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on January 17, 2018 and NASDAQ: WRLD investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 01/16/2018 -- A deadline is coming up on January 17, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of World Acceptance Corporation (NASDAQ: WRLD) between January 30, 2013 and August 10, 2015.

Investors who purchased a significant amount of shares of World Acceptance Corporation (NASDAQ: WRLD) between January 30, 2013 and August 10, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the World Acceptance Corporation (NASDAQ: WRLD) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/world-acceptance-corporation-nasdaq-wrld-investor-securities-class-action-lawsuit-04232014

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is January 17, 2018. The class action administrator for this case is Epiq Systems Inc.

The lawsuit was originally filed in the U.S. District Court for the District of South Carolina against World Acceptance Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 25, 2013 and March 12, 2014. According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of World Acceptance Corporation (NASDAQ: WRLD) between April 25, 2013 and March 12, 2014, that World Acceptance Corporation and certain of its officers and directors violated Federal Securities Laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. More specifically, the plaintiff claims that defendants made allegedly false and/or misleading statements and/or failed to disclose that World Acceptance Corporation's loan practices do not abide by the Consumer Financial Protection Act and/or the Truth in Lending Act, that World Acceptance Corporation lacked adequate internal and financial controls; and that as a result of the above, World Acceptance Corporation's financial statements, assurances and expectations with regard to the Company's growth, operations and business prospects were false and misleading at all relevant times.

Those who purchased shares of World Acceptance Corporation (NASDAQ: WRLD) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-16-million-settlement-in-the-world-acceptance-corporation-nasdaqwrld-investor-lawsuit-916684.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com