CURO GROUP INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CURO Group Holdings Corp. - CURO
CURO Group Holdings Corp. (CURO)
Last curo group holdings corp. earnings: 5/1 04:00 pm
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US:NYSE Investor Relations:
ir.curo.com/news-releases/2018/02-01-2018-234246861
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Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into CURO Group Holdings Corp. (NYSE: CURO).As a result of new payday lending regulations passed in Canada in 2016 and 2017, the Company began implementing a strategy to transition its Canadian business from single-pay loans to installment and “open-end” loan products, assuring investors that the transition would be slow and the negative effects minimal. Then, on October 24, 2018, the Company announced dismal 3Q2018 financial results, later revealing that it had greatly accelerated the pace of the transition, despite the known operational risks, which had greatly impacted its financial performance.Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit for failing to disclose material information during the Class Period, violating fe
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