Harwood Feffer LLP Announces Investigation of World Acceptance Corporation

Jun 15, 2017

NEW YORK, June 15, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of World Acceptance Corporation ("World Acceptance Corporation" or the "Company") (NASDAQ: WRLD), concerning whether the board has breached its fiduciary duties to shareholders.

Harwood Feffer LLP. (PRNewsFoto/Harwood Feffer LLP)

On June 14, 2017, World Acceptance Corporation disclosed that it would not be able to timely file its Form 10-K due to an internal investigation related to its Mexico operations and "the legality under the U.S. Foreign Corrupt Practices Act and certain local laws of certain payments related to loans, the maintenance of the Company's books and records associated with such payments, and the treatment of compensation matters for certain employees."  According to the Company, it started the internal investigation in response to an anonymous letter from a whistleblower.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own World Acceptance Corporation shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

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