NEW YORK, March 26, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of World Acceptance Corporation ("World Acceptance" or the "Company") (WRLD), concerning whether the board has breached its fiduciary duties to shareholders.
On March 13, 2013, the Company disclosed that it is the target of an investigation by the U.S. Consumer Financial Protection Bureau (the "Bureau"). The investigation by the Bureau concerns potential "unlawful acts or practices in connection with the marketing, offering, or extension of credit" in violation of federal law. On this news, the price of Company stock plummeted nearly 20% to close at $78.25.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own World Acceptance 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.
Peter W. Overs, Jr., 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.
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SOURCE Harwood Feffer LLP