An investigation for investors in NASDAQ:CACC shares was announced over potential breaches of fiduciary duties by certain Credit Acceptance directors.
Investors who purchased shares of Credit Acceptance Corp. (NASDAQ:CACC) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Credit Acceptance directors breached their fiduciary duties and caused damage to the company and its shareholders.
On November 6, 2015, Credit Acceptance Corp. disclosed that on September 18, 2015, it received a subpoena from the Attorney General of the State of New York, Civil Rights Bureau relating to the Company’s origination and collection of Consumer Loans in the state of New York.
On May 2, 2016, Credit Acceptance Corp. disclosed that on March 18, 2016, it received a subpoena from the Attorney General of the State of Maryland, relating to the Company’s repossession and sale policies and procedures in the state of Maryland. Shares of Credit Acceptance Corp. (NASDAQ:CACC) declined on May 16, 2016 to $175.21 per share.
Those who purchased NASDAQ:CACC shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego