CURRENT SHAREHOLDERS: Zamansky LLC Investigates Credit Acceptance Corp. (NasdaqGS: CACC) for Potential Breaches of Fiduciary ...
February 13 2020 - 2:28PM
Business Wire
Zamansky LLC announces that it is investigating Credit
Acceptance Corporation (NasdaqGS: CACC) (“Credit Acceptance” or the
“Company”) for potential breaches of fiduciary duties by Credit
Acceptance’s senior officers and board of directors. If you are a
shareholder of Credit Acceptance who still holds your shares,
please contact our firm for information.
It has recently emerged, after a lengthy investigation, that the
Attorney General of the State of Mississippi has charged Credit
Acceptance with being a “[p]redatory subprime auto lender,” seeking
disgorgement and civil penalties for various unfair and deceptive
practices. The Company has also seen a deterioration in credit
quality, a rise in delinquencies, and a drop in the loan collection
rate.
According to Jake Zamansky, investment fraud attorney, Credit
Acceptance’s officers and directors owe the Company and its
shareholders fiduciary duties. “The recent allegations against
Credit Acceptance raise potential concern for investors,” Zamansky
says. “Our law firm is investigating whether the officers and
directors have breached their duties to Credit Acceptance and its
shareholders.”
What Credit Acceptance Shareholders Can Do
If you are a current shareholder of Credit Acceptance who still
holds your stock, please contact us to review or discuss your legal
rights. You may, without obligation or cost to you, email
jake@zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with
experience handling securities, hedge fund, ERISA and other
shareholder class action and derivative litigation. We are
investment fraud attorneys who represent both individual and
institutional investors. Our practice is nationally recognized for
our ability to aggressively prosecute cases and recover investment
losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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Zamansky LLC 50 Broadway - 32nd Floor New York, NY 10004 Jake
Zamansky, 212-742-1414 jake@zamansky.com
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