LOS ANGELES–(BUSINESS WIRE) – Frank R. Cruz's law firm is investigating possible claims against the board of directors of World Acceptance Corporation ("World Acceptance" or the "Company") (NASDAQ: WRLD) regarding whether the board of directors has violated its stockholder fiduciary duty.
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On August 6, 2020, the US Securities and Exchange Commission announced that World Acceptance would pay $ 21.7 million to clarify claims that its former subsidiary had paid millions in bribes to the Mexican government and union representatives paid. According to the SEC ruling, "the top tone of management (of the company) did not support sound internal audit and compliance functions and undermined the effectiveness of those functions."
Our investigation concerns whether the company's board of directors has violated its shareholder fiduciary duties and / or grossly ill-treated the company in connection with the above alleged misconduct.
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If you have any shares in World Acceptance purchased prior to August 2020 and would like to discuss this matter with us, or if you have any questions about your rights or interests regarding this matter, please contact Frank R. Cruz of the Frank R. Cruz Law Firms, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, via email to firstname.lastname@example.org or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your postal address, telephone number and number of shares purchased.
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