HARTFORD, Conn., March 18, 2014 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP (http://www.sfmslaw.com; e-mail: ktang@sfmslaw.com), a law firm with offices in California, Connecticut, Florida, New York, New Jersey, Pennsylvania and Wisconsin, as well as affiliate/international network offices throughout the world, announces that it is investigating possible securities law violations committed by World Acceptance Corp. ("World Acceptance" or the "Company") and its officers and/or directors.
On March 13, 2014, World Acceptance, a short and medium-term consumer lender based in South Carolina, revealed that it was being probed by the Consumer Financial Protection Bureau ("CFPB") for its marketing and lending practices. The CFPB issued a civil subpoena with "broad requests for production of documents, answers to interrogatories and written reports related to loans made by the company and numerous other aspects of the company's business." Following the press release of the CFPB inquiry, the share price of World Acceptance fell from $97.32 to $78.25, or more than 19%.
If you are a current or former shareholder of World Acceptance and would like more information about your rights, or have information pertaining to this investigation, please contact Kolin C. Tang by email (ktang@sfmslaw.com) or telephone (toll-free at 1-866-540-5505). There is no cost or obligation to you related to this consultation.
Shepherd, Finkelman, Miller & Shah, LLP is a law firm that represents investors, including institutions and individuals, in class action and corporate governance matters throughout the country. SFMS has been appointed lead counsel in a number of class action proceedings and has recovered hundreds of millions of dollars for our clients in such matters.
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