MILWAUKEE, July 10, 2013 (GLOBE NEWSWIRE) -- We are investigating possible securities fraud claims against World Acceptance Corporation resulting from inaccurate statements WAC made regarding its financial statements and future prospects.
Click here to learn more about the investigation: http://www.ademilaw.com/case/world-acceptance-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Our investigation focuses on the extent to which WAC issued false and misleading financial statements regarding its operations and business trends. Specifically, on July 3, 2013 WAC failed to file its annual report on Form 10-K with the Securities and Exchange Commission, and stated that "we were unable to file certain portions of our Annual Report... because of unexpected delays in completing our financial statements relating to additional review and analysis needed to support the Company's allowance for loan losses." As a result of ongoing assessment of these issues, "it is possible that the Company's amended Form 10-K will report a material weakness in its internal control over financial reporting relating to its process for determining its allowance for loan losses."
Following this news, the price of WAC stock fell more than 11%, to a closing price of $78.20 per share on July 5, 2013, on heavy trading volume.
If you wish to obtain additional information or have information about WAC, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/world-acceptance-corporation.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP