SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an
Investigation into World Acceptance Corp. Following Disclosure of Delay in
Filing Annual Report
NEW YORK -- July 23, 2013
Levi & Korsinsky is investigating potential claims on behalf of purchasers of
World Acceptance Corp. (“World Acceptance” or the “Company”) (NasdaqGS: WRLD)
For more information, click here: http://zlk.9nl.com/world-acceptance-wrld/.
The investigation relates to World Acceptance’s disclosure that the Company
would not file a complete Annual Report on Form 10-K for the fiscal year ended
March 31, 2013. The delay, explained in a Notification of Late Filing filed
July 3, 2013 with the Securities and Exchange Commission, was the product of
“unexpected delays in completing our financial statements relating to
additional review and analysis needed to support the Company’s allowance for
loan losses.” The Notice went on to say that as result of these issues, “it is
possible that the Company’s amended Form 10-K will report a material weakness
in its internal control over financial reporting relating to its process for
determining its allowance for loan losses. …” Two days later, the Company’s
stock price dropped 11% to a close at $78.20, on heavy trading volume.
If you own World Acceptance stock and wish to obtain additional information
about the investigation and your legal rights please contact Joseph E. Levi,
Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit http://zlk.9nl.com/world-acceptance-wrld/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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