World Acceptance Corp. (WRLD)




Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In World Acceptance Corp. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at World Acceptance Corp. (“World Acceptance” or the “Company”) (NASDAQ: WRLD).

The investigation focuses on whether World Acceptance and certain of its executives and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On July 3, 2013, World Acceptance issued a press release stating that “we were unable to file certain portions of our Annual Report . . . because of unexpected delays in completing our financial statements relating to additional review and analysis needed to support the Company’s allowance for loan losses” and, as a result of management’s ongoing assessment 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. . . .”

Following this news, the price of World Acceptance stock fell more than 11%, to a closing price of $ 78.20 per share on July 5, 2013, on heavy trading volume. 

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Take Action

If you invested in World Acceptance stock or options and would like to discuss your legal rights, you can contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to or  Faruqi & Faruqi, LLP also encourages anyone with information regarding World Acceptance’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.


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Case:World Acceptance Corp. (WRLD)

Case Details

Contact Counsel

Francis P. McConville
Richard W. Gonnello
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330

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