NEW YORK, June 15, 2017 /PRNewswire-USNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of World Acceptance Corp. ("World Acceptance" or the "Company") (NASDAQ: WRLD). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether World Acceptance and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 14, 2017, post-market, World Acceptance advised investors that the Company would delay the filing of its annual report on Form 10-K with the U.S. Securities and Exchange Commission ("SEC"), citing an internal probe of World Acceptance's Mexico operations. Commissioned in March, the investigation concerns the legality under the U.S. Foreign Corrupt Practices Act and local laws of certain payments related to loans, maintenance of books and records, and treatment of compensation matters for certain employees. World Acceptance stated that the Company has informed the SEC and the U.S. Department of Justice of the probe.
On this news, World Acceptance's share price has fallen as much as $11.49, or 13.79%, during intraday trading on June 15, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP