SAN DIEGO, Dec. 2, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of DFC Global Corp (DLLR) common stock over alleged violations of Federal Securities Laws by DFC Global Corp in connection with certain allegedly false and misleading statements made between January 28, 2011 through August 22, 2013
If you purchased a significant amount of shares of DFC Global Corp (DLLR) between January 28, 2011 through August 22, 2013, and / or if you purchased DLLR shares in 2011 or earlier and currently hold any of those shares, you have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that between January 28, 2011 through August 22, 2013, DFC Global Corp misrepresented to investors that it complied with government regulations and guidance with regard to irresponsible lending practices in the United Kingdom ("U.K."), and that the Company made conservative underwriting decisions when making loans. Furthermore, the plaintiff claims that DFC Global Corp also knowingly understated its loss rates for loans, and issued false earnings guidance for its 2013 fiscal year.
On August 22, 2013, DFC Global Corp announced its fiscal fourth quarter and full-year 2013 results. DFC Global Corp also issued its fiscal year 2014 outlook. Among other things, the executive Vice President and Chief Financial Officer of DFC Global Corp said that the company expects to incur approximately $10.0 million to $15.0 million of expense in fiscal 2014 to support ongoing regulatory related activities, including regulatory advisory costs, legal opinions and analysis, and audit and regulatory compliance costs in fiscal 2014.
Shares of DFC Global Corp (DLLR) dropped from $15.90 per share on August 22, 2013, to $11.02 per share on August 27, 2013.
Those who purchased shares of DFC Global Corp have certain options and should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.