Shareholder Alert: Robbins LLP Announces Investigation of CURO Group Holdings Corp. (CURO)
March 11 2020 - 12:54PM
Business Wire
Shareholder rights law firm Robbins LLP is investigating whether
the officers and directors of CURO Group Holdings Corp. (NYSE:
CURO) violated the Securities Exchange Act of 1934 between April
27, 2018 and October 24, 2018, and in so doing breached their
fiduciary duties to the Company and its shareholders. Curo provides
consumer finance to a range of underbanked consumers in the United
States, Canada, and the United Kingdom.
If you suffered a loss as a result of Curo's misconduct, click
here.
CURO Group Holdings Corp. (CURO) May Have Misled
Shareholders
In response to a change in Canadian laws, Curo began to develop
a strategy to transition its Canadian business out of single-pay
loans to installment and line of credit ("open-end") loan products.
Curo assured the transition would be slow with minimal negative
impact confined to the second quarter 2018. Though Curo
consistently reaffirmed its full year 2018 ("FY18") financial
guidance in its public statements, on October 24, 2018, Curo
announced dismal third quarter 2018 results that widely missed
analysts' expectations and revealed a staggering decline of 50%
year-over-year in single-pay loan balances, culminating in a
significant cut to the Company's FY18 guidance. On this news,
Curo's stock price fell almost 34% to close at $15.12 per share.
The stock has since continued to decline, currently trading at
around $8.
CURO Group Holdings Corp. (CURO) Shareholders Have Legal
Options
Contact us to learn more: Leo Kandinov (800) 350-6003
lkandinov@robbinsllp.com Shareholder Information Form
Robbins LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action
lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have
invested. Click here to receive free alerts from Stock Watch when
companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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version on businesswire.com: https://www.businesswire.com/news/home/20200311005645/en/
Leo Kandinov Robbins LLP 5040 Shoreham Place San Diego, CA 92122
lkandinov@robbinsllp.com (619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com
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