Credit Acceptance Corp. Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Boston, Massachusetts--(Newsfile Corp. - January 17, 2023) - Block & Leviton is investigating Credit Acceptance Corp. (NASDAQ: CACC) for potential securities law violations. Investors who have lost money in their Credit Acceptance Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/cac.

What is this all about?

On January 4, 2023, the New York Attorney General's Office and the Consumer Financial Protection Bureau sued Credit Acceptance Corporation for allegedly tricking thousands of low-income New York residents into selecting unaffordable, high-interest rate car loans and then securitizing those illegal loans to sell to investors. Additional allegations in the lawsuit include misstatements of principal and interest amounts on term sheets, and failures to disclose thousands of dollars of credit charges.

Shares of Credit Acceptance Corp. stock dropped more than 12% in intraday trading on January 4, 2023.

Who is eligible?

Anyone who purchased Credit Acceptance Corp. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com

SOURCE: Block & Leviton LLP
www.blockleviton.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151556