WORLD ACCEPTANCE INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In World Acceptance Corporation To Contact The Firm

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Nov 03, 2017, 17:31 ET

NEW YORK, Nov. 3, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities claims against World Acceptance Corporation ("World Acceptance" or the "Company") (NASDAQ: WRLD).

Specifically, after market close on June 14, 2017, World Acceptance filed a Form 12b-25 with the Securities and Exchange Commission ("SEC") disclosing that the Company was unable to file its annual report on time while it conducted an internal probe in its Mexican operations. According to the filing, the Company is "focusing on the legality under the U.S. Foreign Corrupt Practices Act and certain local laws of certain payments related to loans, the maintenance of the Company's books and records associated with such payments, and the treatment of compensation matters for certain employees." On this news, World Acceptance's share price fell from $83.30 per share on June 14, 2017 to a closing price of $73.00 on June 15, 2017 —a $10.30 or a 12.36% drop.

Then, on August 8, 2017, the Company announced that it had voluntarily contacted the U.S. SEC and the U.S. Department of Justice to advise both agencies about the probe of its Mexican operations. The Company further announced that the SEC had issued a formal order of investigation. On this news, World Acceptance's share price fell from $80.42 per share on August 8, 2017 to a closing price of $78.68 on August 9, 2017 —a $1.74 or a 2.16 % drop.

If you invested in World Acceptance stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/WRLD. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected].

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

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