The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of World Acceptance Corporation ("World Acceptance" or the "Company") (NASDAQ: WRLD) concerning whether the board breached its fiduciary duties to shareholders.
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On August 6, 2020, the U.S. Securities and Exchange Commission ("SEC") announced that World Acceptance would pay $21.7 million to resolve claims that its former subsidiary paid millions in bribes to the Mexican government and union officials. According to the SEC's order, "the tone at the top from [the Company’s] management did not support robust internal audit and compliance functions, and undermined the effectiveness of those functions."
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
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If you still hold World Acceptance shares purchased before August, 2020 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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