An investigation for investors in World Acceptance Corp. (NASDAQ:WRLD) shares over potential securities laws violations by World Acceptance Corp. (NASDAQ:WRLD was announced and World Acceptance Corp. (NASDAQ:WRLD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/29/2017 -- World Acceptance Corp is under investigation over possible securities laws violations. The investigation was announced for investors in NASDAQ:WRLD shares.
Investors who purchased shares of World Acceptance Corp. (NASDAQ:WRLD), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by World Acceptance Corp. (NASDAQ:WRLD regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
World Acceptance Corp. reported that its Total Revenue declined from 4557.48 million for the 12 months period that ended on March 31, 2016 to $531.73 million for the 12 months period that ended on March 31, 2017 and that its Net Income for those respective time periods fell from $87.40 million to $73.60 million.
On June 14, 2017, World Acceptance Corp revealed that it would delay the filing of its annual report on Form 10-K with the U.S. Securities and Exchange Commission ("SEC"), citing an internal probe of its Mexico operations.
Commissioned in March, 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 August 8, 2017, World Acceptance Corp disclosed that the SEC had "issued a formal order of investigation" in connection with its internal probe of its Mexico operations.
Shares of World Acceptance Corp. (NASDAQ:WRLD) closed on November 2, 2017 at $77.03 per share.
Those who purchased shares of World Acceptance Corp. (NASDAQ:WRLD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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