SAN DIEGO, CA / ACCESSWIRE / November 29, 2022 / The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in shares of FirstCash, Inc. (NASDAQ:FCFS).
Investors, who purchased shares of FirstCash, Inc. prior to February 2018 and continue to hold any of those NASDAQ:FCFS shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On January 14, 2022, a lawsuit was filed for certain investors in NASDAQ:FCFS shares against FirstCash, Inc. over alleged violations of securities laws. The plaintiff alleged that the defendants made false and misleading statements and failed to disclose that FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% - and often exceeding 200% - in violation of the MLA and the Order, that FirstCash had failed to implement the remedial measures imposed by the Order, that FirstCash's financial results were, in substantial part, the product of FirstCash's violations of the MLA and the Order, and that as a result, FirstCash was exposed to a material undisclosed risk of legal, reputational, and financial harm if FirstCash's violations of the MLA and the Order were ever publicly disclosed.
On May 4, 20222, an amended complaint was filed.
Those who purchased FirstCash, Inc. (NASDAQ:FCFS) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.