NEW YORK, June 17, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Regional Management Corp. ("Regional Management" or the "Company") (NYSE:RM) common stock pursuant or traceable to the Company's September 2013 and December 5, 2013 public offerings.
For more information, click here: http://zlk.9nl.com/regional-management-rm.
The complaint alleges that the Company's Registration Statement and Prospectuses used to effectuate the offerings failed to adequately disclose, among other things: (a) the Company's failure to adequately reserve for loan losses and (b) the repeated debt refinancing tactics the Company used to increase loan amounts and interest rates.
If you suffered a loss in Regional Management you have until July 29, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/regional-management-rm.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.