NEW YORK, Nov. 21, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC announces that a securities class action has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of those who purchased shares of DFC Global Corp. ("DFC Global") (NasdaqGS: DLLR ), during the period between January 28, 2011 and August 22, 2013, inclusive (the "Class Period").
The complaint charges DFC Global and certain of its executives with violations of federal securities laws. The complaint alleges that during the class period DFC Global and certain of its executives issued a series of materially false and misleading statements during the Class Period, specifically the complaint alleges that the Company concealed from its shareholders the following: (1) systematically issued high-fee predatory loans to consumers that had no reasonable means to be repaid; (2) continuously rolled over or refinanced loans in order to delay or avoid defaults; (3) failed to conduct adequate affordability assessments on its customers; (4) understated its loan loss rates; (5) inflated its earnings guidance for 2013 fiscal year because it was dependent upon the Company's improper lending practices; and (6) as a result of DFC Global's irresponsible lending, failed to comply with industry regulations and guidance.
Plaintiff seeks to recover damages on behalf of all DFC Global shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. January 21, 2014 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
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