Credit Acceptance Stock - Investors of CACC Stock Since At Least January 1, 2023 Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation
ACCESSWIRE
02 Feb 2023, 09:05 GMT+10
NEW YORK, NY / ACCESSWIRE / February 1, 2023 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Credit Acceptance Corporation ('Credit Acceptance') (NASDAQ:CACC) breached their fiduciary duties to Credit Acceptance and its shareholders.
The investigation concerns whether members of Credit Acceptance's board of directors or senior management failed to manage Credit Acceptance in an acceptable manner, in breach of their fiduciary duties to Credit Acceptance, and whether Credit Acceptance and its shareholders have suffered damages as a result.
On January 4, 2023, the Consumer Financial Protection Bureau and the New York Attorney General filed a lawsuit against Credit Acceptance, accusing Credit Acceptance of luring consumers into unaffordable loans and then repackaging those loans into securities, dumping the resulting notes on unsuspecting investors.
INVESTORS OF CREDIT ACCEPTANCE STOCK SINCE AT LEAST JANUARY 1, 2023 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR CACC SECURITIES.
SHAREHOLDERS OF CREDIT ACCEPTANCE WHO HAVE HELD THEIR STOCK SINCE AT LEAST JANUARY 1, 2023 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
This press release may constitute attorney advertising.
SOURCE: Kehoe Law Firm, P.C.
View source version on accesswire.com:
https://www.accesswire.com/737788/Credit-Acceptance-Stock--Investors-of-CACC-Stock-Since-At-Least-January-1-2023-Encouraged-to-Contact-Kehoe-Law-Firm-PC--Breach-of-Fiduciary-Duties-Investigation
Subscribe and Follow
Get a daily dose of Maryland Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Maryland Leader.
More Information
15
℃
In aftermath of war in Iraq, perpetrators still not held accountable
In Warsaw last February, President Joe Biden condemned the lawless Russian invasion of Ukraine: "The idea that over 100,000 forces ...
Chinese aggression causes Japan, US, Philippines to begin security talks
TOKYO, Japan: Fears over intensifying Chinese military activity directed towards Taiwan could escalate into war have prompted Japan, the United ...
After opening ties with Beijing, Honduras tells Taiwan to leave
TEGUCIGALPA, Honduras: After Honduran President Xiomara Castro severed ties with Taiwan in favor of China to gain more investment and ...
Former President Trump to face criminal charges
NEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
Six young people dead in Tennessee freeway collision
MEMPHIS, Tennessee: Tennessee authorities are slowly releasing information about a weekend car crash on a freeway that killed six young ...
180 Rohingya Muslim refugees land boat in Indonesia's Aceh
JAKARTA, Indonesia: Officials from Indonesia's Aceh province said that more than 180 Rohingya Muslims landed this week by boat, in ...
Nasdaq Composite leads U.S. stock markets higher, gains 208 point
NEW YORK, New York - U.S. stocks finished the third quarter with a bang on Friday. Despite a volatile start, ...
Apple to disrupt fintech with 'Apple Pay Later' consumer service
CUPERTINO, California: In a move aimed at disrupting the fintech sector dominated by Affirm Holdings and Sweden's Klarna, this week ...
After business slowdown, Disney moves forward in firing 7,000 staff
BURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...
China's 'Belt and Road' program has cost $240 billion, says study
NEW YORK CITY, New York: A study published this week reported that China spent $240 billion between 2008 and 2021 ...
Techs lead American stock markets higher
NEW YORK, New York - U.S. stocks posted a decent rally on Thursday with all the major indices making good ...
Brain implant company Neuralink weighs human trials
FREMONT, California: Neuralink, Elon Musk's brain implant company, has approached the Barrow Neurological Institute, one of the largest US neurosurgery ...
