NEW YORK, February 4, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in FirstCash, Inc. (“FirstCash” or the “Company”) (NASDAQ: FCFS). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation focuses on whether FirstCash and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
At November 12, 2021, the Consumer Financial Protection Bureau (“CFPB”) filed a lawsuit against FirstCash and Cash America West, alleging that the two companies violated the Military Loans Act by charging more than the authorized annual rate of 36% on pawnbroking to active duty members. and their heirs. The CFPB lawsuit seeks an injunction, relief for affected borrowers and a civil penalty.
At this news, the FirstCash share price fell $7.50 per share, or 8.71%, to close at $78.64 per share on November 12, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Parisand Tel Aviv, is recognized as one of the leading firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. See www.pomlaw.com
Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP