Press release
Investigation announced for Investors in shares of Credit Acceptance Corporation (NASDAQ: CACC)
An investigation for investors in Credit Acceptance Corporation (NASDAQ: CACC) shares over potential securities laws violations.
Investors who purchased shares of Credit Acceptance Corporation (NASDAQ: CACC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Credit Acceptance regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Southfield, MI based Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. Credit Acceptance Corporation reported that its annual Total Revenue rose from over $1.28 billion in 2018 to over $1.48 billion in 2019, and that its Net Income increased from $574 million in 2018 to $656.10 million in 2019.
On August 13, 2020, Credit Acceptance Corporation (NASDAQ: CACC) disclosed that on August 11, 2020, the Company had received subpoenas from the Attorney General of the State of Maryland and from the Attorney General of the State of New Jersey. Describing the subpoenas as "substantively identical" to one another, Credit Acceptance advised investors that the subpoenas both "relat[ed] to the Company's repossession and sale policies and procedures" and "the Company's origination and collection policies and procedures." Taken together with previously disclosed subpoenas received in March 2016 and April 2020, Credit Acceptance advised investors that the inquiries it faced now related to its operations in 39 states.
Shares of Credit Acceptance Corporation (NASDAQ: CACC) declined from $539 per share on August 11, 2020, to as low as $456.33 per share on August 27, 2020.
Those who purchased shares of Credit Acceptance Corporation (NASDAQ: CACC) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in shares of Credit Acceptance Corporation (NASDAQ: CACC) here
News-ID: 2124073 • Views: …
More Releases from Shareholders Foundation
Lawsuit for Investors in Sonder Holdings Inc. (NASDAQ: SOND) filed in effort to …
An investor, who purchased shares of Sonder Holdings Inc. (NASDAQ: SOND), filed a lawsuit over alleged violations of Federal Securities Laws by Sonder Holdings Inc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Sonder Holdings Inc. (NASDAQ: SOND) have certain options and for certain investors are short and strict deadlines running. Deadline: June 10, 2024. NASDAQ: SOND investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
Lawsuit filed for Investors in Ocugen, Inc. (NASDAQ: OCGN) in effort to recover …
An investor, who purchased shares of Ocugen, Inc. (NASDAQ: OCGN), filed a lawsuit i over alleged violations of Federal Securities Laws by Ocugen, Inc..
Investors who purchased shares of Ocugen, Inc. (NASDAQ: OCGN) have certain options and for certain investors are short and strict deadlines running. Deadline: June 10, 2024. NASDAQ: OCGN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Malvern, PA based Ocugen, Inc., a…
Investors who lost money with shares of Evolv Technologies Holdings, Inc. (NASDA …
An investor, who purchased shares of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), filed a lawsuit in the U.S. District Court for the District of Massachusetts over alleged violations of Federal Securities Laws by Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp.
Investors who purchased shares of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) have certain options and for certain investors are short and strict deadlines running. Deadline: May 24, 2024. NASDAQ: EVLV…
Investigation announced for Investors who purchased shares of Comtech Telecommun …
Comtech Telecommunications Corp is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Comtech Telecommunications Corp. (NASDAQ: CMTL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Comtech Telecommunications Corp. regarding its business, its prospects and its operations were materially false…
More Releases for Credit
Credit Scores, Credit Reports & Credit Check Services Market May See Big Move | …
Global Credit Scores, Credit Reports & Credit Check Services Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure…
Credit Scores, Credit Reports & Credit Check Services Market to Watch: Spotlight …
The latest report released on Global Credit Scores, Credit Reports & Credit Check Services Market analyses areas where there is still room for improvement. Irrespective of industry, organization size or geographic location, the Credit Scores, Credit Reports & Credit Check Services Market study suggests that advanced technologies are playing a bigger role than ever before. The assessment provides trend, growth factors and estimates for Global Credit Scores, Credit Reports &…
Credit Scores, Credit Reports & Credit Check Services Market Watch: : Spotlight …
The Credit Scores, Credit Reports & Credit Check Services Market study is a perfect mix of qualitative and quantitative information and to get better understanding on how stats relates to growth, market sizing and share, the study is started with market overview and further detailed commentary is showcased on changing market dynamics that includes Influencing trends by regions, growth drivers, long term opportunities and short term challenges that industry players…
Global Credit Scores, Credit Reports & Credit Check Services Market In-Depth Stu …
Global Credit Scores, Credit Reports & Credit Check Services Market 2020 is a brief evaluation of the market offered by Marketquest.biz that contains a deep inspection of the current and futuristic market trends and aspects that are performing a substantial role in the market. The report includes expert and inside and out examination on essential factors such as global Credit Scores, Credit Reports & Credit Check Services industry size, regional…
Credit Scores, Credit Reports & Credit Check Services Market: Global Industry Le …
Developments, product launches, joint ventures, merges and accusations are the moves that the top players in Credit Scores, Credit Reports & Credit Check Services Market are making which in turn affect the sales, import, export, revenue and CAGR values.
The Credit Scores, Credit Reports & Credit Check Services Market report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, Current Credit Scores, Credit Reports & Credit Check Services…
Global Credit Insurance Market Research Report 2018 -2025: Credit Life Insurance …
Credit insurance is an insurance policy and a risk management product offered by government agencies and private insurance companies. It helps in protecting the business against both commercial and political risks. It improves the quality of the business and helps in growing profitably and minimizing the risk of unexpected customer failures. It gives the confidence to spread trade credit to new customers.
Improved efficiency of credit insurance in financial sector such…
