Skip to main content

CREDIT ACCEPTANCE INVESTOR ALERT: Shareholder Lawsuit Filed

BOSTON, MA / ACCESSWIRE / October 19, 2020 / Thornton Law Firm alerts investors that a shareholder class action lawsuit has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ:CACC). Investors who purchased CACC securities between November 1, 2019, and August 28, 2020 that are interested in participating in the lawsuit as a lead plaintiff are encouraged to visit www.tenlaw.com/cases/CreditAcceptance. Investors may also contact Thornton Law Firm at investors@tenlaw.com, or call 617-531-3917.

FOR MORE INFORMATION, VISIT: www.tenlaw.com/cases/CreditAcceptance

The shareholder lawsuit alleges that Credit Acceptance employed a fraudulent scheme whereby it knowingly provided consumer auto loans that it knew could not be repaid and consistently harmed consumers for its own financial benefit. It is alleged that the truth about the Company's predatory and illegal business practices was revealed on August 28, 2020, when the Massachusetts Attorney General filed the Mass AG Complaint alleging that Credit Acceptance has, for years, been making unfair and deceptive automobile loans to thousands of Massachusetts consumers. In response to the public disclosure of the Mass AG Complaint, Credit Acceptance's stock price fell $85.36 per share, or over 18%, allegedly harming investors.

FOR MORE INFORMATION: www.tenlaw.com/cases/CreditAcceptance

Investors who suffered a loss in Credit Acceptance Corporation that are interested to learn more about the lead plaintiff process are encouraged to contact the Thornton Law Firm's shareholder rights team at www.tenlaw.com/cases/CreditAcceptance, by email at investors@tenlaw.com, or calling 617-531-3917. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. Shareholders do not need to be a lead plaintiff to recover as a class member. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member. The lead plaintiff serves as a representative of all investors in the lawsuit. Interested CACC shareholders have until December 1, 2020, to apply to be a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/CreditAcceptance

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/CreditAcceptance

SOURCE: Thornton Law Firm LLP



View source version on accesswire.com:
https://www.accesswire.com/611064/CREDIT-ACCEPTANCE-INVESTOR-ALERT-Shareholder-Lawsuit-Filed

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.