According to the law firm press release, World Acceptance Corporation 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.

The parties entered into a Stipulation of Settlement on August 24, 2017. On August 29, the Court issued an Order Preliminarily Approving Settlement. On December 18, the Court issued Orders Awarding Attorneys' Fees and Expenses, Approving the Plan of Allocation, and Entering Final Judgment.