Case Page

 

Case Status:    SETTLED
On or around 08/29/2017 (Settlement preliminarily approval)

Filing Date: April 22, 2014

According to the law firm press release, World Acceptance is one of America's largest providers of installment loans. The Company offers short-term small loans, medium-term larger loans, and related credit insurance products and services to those who have limited access to other sources of consumer credit.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company's loan practices do not abide by the Consumer Financial Protection Act and/or the Truth in Lending Act; (ii) the Company lacked adequate internal and financial controls; and (iii) as a result of the above, the Company'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.

On July 22, 2014, the Court issued an Order appointing lead plaintiff and approving selection of lead counsel. Lead plaintiff filed an amended complaint on August 12.

COMPANY INFORMATION:

Sector: Financial
Industry: Consumer Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WRLD
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. South Carolina
DOCKET #: 14-CV-01606
JUDGE: Hon. Mary G Lewis
DATE FILED: 04/22/2014
CLASS PERIOD START: 04/25/2013
CLASS PERIOD END: 03/12/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Motley Rice LLC (Mount Pleasant)
    28 Bridgeside Boulevard, Motley Rice LLC (Mount Pleasant), SC 29464
    843.216.9000 843.216.9450 · inquiry@motleyrice.com
  2. Ryan & Maniskas, LLP
    995 Old Eagle School Rd., Ste. 311, Ryan & Maniskas, LLP, PA 19087
    (484) 588-5516 (484) 450-2582 ·
  3. Saxena White PA (Boca Raton)
    2424 N. Federal Highway, Suite 257, Saxena White PA (Boca Raton), FL 33431
    561.394.3399 561.394.3399 ·
No Document Title Filing Date
COURT: D. South Carolina
DOCKET #: 14-CV-01606
JUDGE: Hon. Mary G Lewis
DATE FILED: 08/12/2014
CLASS PERIOD START: 01/30/2013
CLASS PERIOD END: 04/28/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Motley Rice LLC (Mount Pleasant)
    28 Bridgeside Boulevard, Motley Rice LLC (Mount Pleasant), SC 29464
    843.216.9000 843.216.9450 · inquiry@motleyrice.com
  2. Robbins Geller Rudman & Dowd LLP (Boca Raton)
    120 East Palmetto Park Road, Suite 500, Robbins Geller Rudman & Dowd LLP (Boca Raton), FL 33432
    561.750.3000 561.750.3364 ·
No Document Title Filing Date