NEW YORK, June 18, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Regional Management Corp. ("RM" or the "Company") (NYSE: RM) concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.
On May 30, 2014, a class action was filed against the Company in the U.S. District Court for the Southern District of New York, Case No. 2014-cv-03876, alleging that the Company had concealed inadequate loan loss reserves and had engaged in repeat debt refinancing to increase loan amounts and interest rates.
Our investigation concerns whether the Company's officers and directors should be liable for the harm to RM. If you own RM shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP