FCFS LAWSUIT: The Law Offices of Vincent Wong Notify Investors of a Class Action Lawsuit Involving FirstCash, Inc.
New York, New York--(Newsfile Corp. - January 25, 2022) - The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased FirstCash, Inc. ("FirstCash") (NASDAQ: FCFS) . This lawsuit is on behalf of all persons who purchased shares of FirstCash common stock between February 1, 2018 and November 12, 2021, both dates inclusive..
If you suffered a loss, contact us at the link below. There is no cost or obligation to you.
Allegations against FCFS include that the Company made materially false and/or misleading statements and/or failed to disclose that: (a) FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% - and often exceeding 200% - in violation of the Military Lending Act ("MLA") and the Consent Order Cash America had entered into with the Consumer Financial Protection Bureau (the "Order"); (b) FirstCash had failed to implement the remedial measures imposed by the Order; (c) FirstCash's financial results were, in substantial part, the product of the Company's violations of the MLA and the Order; and (d) as a result of the foregoing, FirstCash was exposed to a material undisclosed risk of legal, reputational and financial harm if the Company's violations of the MLA and the Order were ever publicly disclosed.
If you suffered a loss in FirstCash you have until March 15, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111696