SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of World Acceptance Corporation (WRLD)
NEW YORK, Nov. 3, 2017 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of World Acceptance Corporation ("World Acceptance" or the "Company") (NASDAQ: WRLD). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wrld.
The investigation concerns whether World Acceptance and certain of its officers and/or directors have violated federal securities laws.
On June 14, 2017, after-market hours, World Acceptance revealed 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. 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. Following this news, World Acceptance stock dropped $10.30 per share, or 12.36%, to close at $73.00 on June 15, 2017.
Then on August 8, 2017, after-market hours, World Acceptance revealed that the SEC had "issued a formal order of investigation" in connection with its internal probe of its Mexico operations. Following this news, World Acceptance stock dropped $1.74 per share, or 2.16%, to close at $78.68 on August 9, 2017.
If you are aware of any facts relating to this investigation, or purchased World Acceptance shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wrld. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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