An investor, who purchased shares of CURO Group Holdings Corp. (NYSE: CURO), filed a lawsuit over alleged violations of Federal Securities Laws by CURO Group Holdings Corp. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of CURO Group Holdings Corp. (NYSE: CURO) have certain options and for certain investors are short and strict deadlines running. Deadline: February 4, 2019. NYSE: CURO investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
Wichita, KS based CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. CURO Group Holdings Corp. went public in December 2017. Shares of CURO Group Holdings Corp. (NYSE: CURO) increased from $13.71 per share in December 2017 to as high as $32.20 per share in September 2018. Since then NYSE: CURO shares declined to as low as $11.30 per share on December 11, 2018.
The plaintiff claims that between July 31, 2018 and October 24, 2018, the CURO Group Holdings Corp. and certain senior executives violated the Securities Exchange Act of 1934 by issuing false and misleading statements, including ongoing financial guidance, relating to CURO’s efforts to transition its Canadian inventory of products from “Single-Pay Loans” to “Open-End Loans.” More specifically, the plaintiff claims that between July 31, 2018 and October 24, 2018, the Defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with the transition was having on the Company’s financial performance and 2018 full-year Company guidance, and that the truth was revealed after the market closed on October 24, 2018, when CURO Group Holdings Corp. announced disappointing financial results for the third quarter of 2018 and substantially reduced its guidance for full-year fiscal 2018.
Those who purchased shares of CURO Group Holdings Corp. (NYSE: CURO) have certain options and should contact the Shareholders Foundation.
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