|[January 16, 2014]
UPCOMING DEADLINE: Levi & Korsinsky, LLP Announces Class Action against DFC GLOBAL CORP. and Its Board of Directors and a Deadline of January 21, 2014 to Seek a Lead Plaintiff Position
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern District
of Pennsylvania on behalf of investors who purchased DFC Global Corp.
("DFC" or the "Company") (Nasdaq:DLLR) common stock between January 28,
2011 and August 22, 2013.
Click here to learn more about the action http://zlk.9nl.com/dfcglobal-dllr/,
or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that the Company misrepresented that it was
compliant with government regulations and guidance regarding its lending
practices. In particular, it was alleged that: a) DFC issued high-fee
predatory loans to consumers tha had no reasonable means to be repaid;
b) the Company rolled and refinanced its loans continuously in order to
delay or avoid defaults; c) DFC did not conduct affordability
assessments on its customers; d) that the Company understated its loan
loss rates; and lastly, that e) the Company's earnings guidance for its
2013 fiscal year was inflated because it relied upon the Company's
improper lending practices.
On August 22, 2013, DFC disclosed that it expected to incur a recurring
$10 to $15 million in expenses for regulatory, legal, audit, and
compliance-related costs. The Company's United Kingdom losses were such
that they were unable to provide an earnings per share guidance report
for fiscal 2014.
Shareholders of DFC have until January 21, 2014 to seek appointment as
lead plaintiff. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff. To obtain additional information,
contact Joseph E. Levi, Esq. either via email at email@example.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/dfcglobal-dllr/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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