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Investigation announced for Investors in shares of Encore Capital Group, Inc. (NASDAQ: ECPG)

09-22-2020 03:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Encore Capital Group, Inc. (NASDAQ: ECPG) shares over potential securities laws violations.

An investigation for investors in Encore Capital Group, Inc. (NASDAQ: ECPG) shares over potential securities laws violations.

An investigation was announced concerning potential securities laws violations by Encore Capital Group, Inc. in connection with certain financial statements.

Investors who purchased shares of Encore Capital Group, Inc. (NASDAQ: ECPG), 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 possible claims on behalf of purchasers of the securities of Encore Capital Group, Inc. (NASDAQ: ECPG) concerning whether a series of statements by Encore Capital Group, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Diego, CA based Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. On September 8, 2020, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint alleging that Encore Capital Group, Inc. and its subsidiaries violated a consent order “by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it.”

Shares of Encore Capital Group, Inc. (NASDAQ: ECPG) declined from $49.01 per share on September 2, 2020, to as low as $36.91 per share on September 21, 2020.

Those who purchased shares of Encore Capital Group, Inc. (NASDAQ: ECPG) 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.

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