FirstCash Holdings, Inc.


Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In FirstCash To Contact Him Directly To Discuss Their Options

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (NASDAQ: FCFS) and reminds investors of the March 15, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. 

If you suffered losses exceeding $100,000 investing in FirstCash stock or options between February 1, 2018 and November 12, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310)

There is no cost or obligation to you. 

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia. 

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (I) 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; (II) that FirstCash had failed to implement the remedial measures imposed by the Order; (III) that FirstCash’s financial results were, in substantial part, the product of the Company’s violations of the MLA and the Order; and (IV) that as a result of the foregoing, FirstCash was exposed to a material undisclosed risk of legal, reputational and financial harm if the Company’s violations of the MLA and the Order were ever publicly disclosed.

On November 12, 2021, the Consumer Financial Protection Bureau (“CFPB”) filed a lawsuit in the United States District Court for the Northern District of Texas against FirstCash and Cash America West, Inc.

The CFPB alleged that the two companies violated the Military Lending Act ("MLA") by charging higher than the allowable 36% annual percentage rate on pawn loans to active-duty service members and their dependents. The CFPB also alleged that FirstCash violated a 2013 CFPB order against its predecessor company prohibiting MLA violations. The CFPB is seeking an injunction, redress for affected borrowers, and a civil money penalty.

 

On this news, shares of FirstCash stock fell 8%, on November 12, 2021 and closed at $78.64.

Contact us

FirstCash Holdings, Inc.

PurchasesClear

SalesClear

Loading captcha, please wait...

* The submission of this form does not create an attorney-client relationship.

Details

Filed on 01/14/2022

Ticker FCFS

Class period 02/01/2018 - 11/12/2021

Lead Plaintiff Deadline 03/15/2022

50 days remaining

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

James M. Wilson, Jr. jwilson@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

Robert W. Killorin rkillorin@faruqilaw.com Phone (404) 847-0617 Fax (404) 506-9534

Finding us

Our Offices


Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

New York

685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

California

10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885

Georgia

3565 Piedmont Road NE Building Four, Suite 380
Atlanta, Georgia 30305
(404) 847-0617
(404) 506-9534

Pennsylvania

1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania