World Acceptance Corporation
|Company Name||World Acceptance Corporation|
On June 14, 2017, World Acceptance Corporation disclosed that it would not be filing its annual report on time due to an ongoing internal investigation into its Mexico operations related to “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.” The Company further disclosed that it commissioned the internal investigation in response to an anonymous letter received by the Company’s independent registered public accounting firm regarding compliance matters, and that the Company had voluntarily contacted the U.S. Securities and Exchange Commission and the U.S. Department of Justice to advise both agencies that an internal investigation was underway.
On this news, the Company’s stock price fell more than 8% during intraday trading on June 15, 2017, thereby injuring investors.
Submit Your Information
If you suffered a loss on your World Acceptance Corporation investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.