Levi & Korsinsky is investigating potential claims on behalf of purchasers of World Acceptance Corp. (“World Acceptance” or the “Company”) (NasdaqGS: WRLD) stock.
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The investigation relates to World Acceptance’s disclosure that the Company would not file a complete Annual Report on Form 10-K for the fiscal year ended March 31, 2013. The delay, explained in a Notification of Late Filing filed July 3, 2013 with the Securities and Exchange Commission, was the product of “unexpected delays in completing our financial statements relating to additional review and analysis needed to support the Company’s allowance for loan losses.” The Notice went on to say that as result 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. …” Two days later, the Company’s stock price dropped 11% to a close at $78.20, on heavy trading volume.
If you own World Acceptance stock and wish to obtain additional information about the investigation and your legal rights please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/world-acceptance-wrld/.Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.