SAN DIEGO, CA / ACCESSWIRE / December 10, 2019 / The Shareholders Foundation, Inc. announces that a that a lawsuit is pending for certain investors in CURO Group Holdings Corp. (NYSE:CURO) shares.
Investors, who purchased shares of CURO Group Holdings Corp. (NYSE:CURO) in July 2018 or earlier and continue to hold any of your NYSE: CURO shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On December 5, 2018, a lawsuit was filed against CURO Group Holdings Corp. over alleged securities laws violations. The plaintiff alleged that CURO Group Holdings Corp. and certain senior executives violated the Securities Exchange Act of 1934 by issuing false and misleading statements, including ongoing financial guidance, relating to CURO's efforts to transition its Canadian inventory of products from "Single-Pay Loans" to "Open-End Loans." More specifically, the plaintiff claims that between July 31, 2018 and October 24, 2018, the Defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with the transition was having on the Company's financial performance and 2018 full-year Company guidance, and that the truth was revealed after the market closed on October 24, 2018, when CURO Group Holdings Corp. announced disappointing financial results for the third quarter of 2018 and substantially reduced its guidance for full-year fiscal 2018.
On May 31, 2019, a consolidated complaint was filed, and the defendants filed their motion to dismiss the case on August 15, 2019. On December 3, 2019, the court denied the defendants' motion to dismiss the case.
Those who purchased CURO Group Holdings Corp. (NYSE:CURO) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.