Kaskela Law LLC Announces Investigation of FirstCash Holdings, Inc. (FCFS) and Encourages Long-Term FCFS Shareholders to Contact the Firm
PHILADELPHIA, April 16, 2022 (World NEWSWIRE) — Kaskela Law LLC announces that it is investigating FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (NASDAQ: FCFS) on behalf of the Company’s prolonged-expression shareholders.
FirstCash stockholders who acquired or obtained shares of the Company’s widespread inventory prior to November 12, 2021 are inspired to make contact with Kaskela Regulation LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or on the net at https://kaskelalaw.com/circumstances/firstcash-holdings-inc/ , for additional details about this investigation and their lawful legal rights and alternatives.
On November 12, 2021, the Customer Fiscal Protection Bureau (“CFPB”) submitted a lawsuit alleging that FirstCash and had violated the Navy Lending Act (“MLA”) by charging bigger than the allowable 36% annual proportion rate on over 3,600 pawn loans to a lot more than 1,000 energetic-obligation service associates and their dependents. Adhering to this news, shares of FirstCash’s widespread stock fell $7.50 for every share on November 12, 2021. About the next 7 days, the Company’s shares declined an additional $10.00 for each share.
The investigation seeks to identify regardless of whether the customers of FirstCash’s board of administrators breached their fiduciary responsibilities to the Enterprise and its stockholders in relationship with the previously mentioned alleged misconduct.
Kaskela Law LLC signifies investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information and facts about the business be sure to visit www.kaskelalaw.com. This see may constitute legal professional advertising and marketing in specific jurisdictions.
Contact:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA Regulation LLC
18 Campus Blvd., Suite 100
Newtown Sq., PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com