Levi & Korsinsky is investigating potential claims on behalf of purchasers of DFC Global Corp. (“DFC Global” or the “Company”) (NasdaqGS: DLLR) stock who purchased common stock between August 29, 2012 and May 12, 2013.
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On May 10, 2013, DFC Global announced in an SEC filing that the Consumer Financial Protection Bureau (“CFPB”) had reviewed its MILES program in fiscal 2013. As a result of this examination, CFPB announced it intends to initiate an administrative proceeding against the Company in relation to its marketing of certain vehicle service and insurance products and requirements that MILES program loans be repaid via a military allotment.
Then on August 22, 2013, DFC Global announced its fiscal fourth quarter and full-year 2013 financial results, noting revenue of $266.7 million for the quarter, compared to a consensus estimate of $285.18 million. DFC Global cited newly “restrictive regulatory requirements in the United Kingdom” as the cause of “higher loan defaults” in the UK during the second half of the year. Shares of DFC Global fell from a close of $15.90 per share on August 22, 2013, to a close of $11.31 per share the following day.If you own DFC Global stock and wish to obtain additional information about the investigation and your legal rights please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/dfc-global-dllr/. 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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.