RM LAW Announces Investigation of CURO Group Holdings Corp.

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

RM LAW Announces Investigation of CURO Group Holdings Corp.

PR Newswire

BERWYN, Pa., July 2, 2020 /PRNewswire/ -- RM LAW, P.C. announces an investigation on behalf of CURO Group Holdings Corp. ("CURO" or the "Company") (NYSE: CURO) investors concerning the Company and its officers' possible violations of federal securities laws.

If you purchased shares of CURO and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

Our investigation concerns the Company's response to a change in Canadian laws.  In response to those changes, 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.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at [email protected] or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:

RM LAW, P.C.


Richard A. Maniskas, Esquire


1055 Westlakes Dr., Ste. 300


Berwyn, PA 19312


484-324-6800


844-291-9299


[email protected]

                    

                            

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/rm-law-announces-investigation-of-curo-group-holdings-corp-301087877.html

SOURCE RM LAW, P.C.

Copyright CNW Group 2020

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).