CURO Group Holdings Corp. (NYSE: CURO) Investor Securities Class Action Lawsuit 12/05/2018

If you purchased a significant amount of shares of CURO Group Holdings Corp. (NYSE: CURO) between July 31, 2018 and October 24, 2018 , and / or if you purchased any NYSE: CURO shares prior to July 2018 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: February 4, 2019. NYSE: CURO investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
CURO Group Holdings
Case Name: 
CURO Group Holdings Sahreholder Class Action Lawsuit 12/05/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: CURO
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
12/05/2018
Class Period Begin: 
07/31/2018
Class Period End: 
10/24/2018
Court of Filing: 
U. S. District Court for the District of Kansas
Deadline To File for Lead: 
02/04/2019
Summary: 

An investor in shares of CURO Group Holdings Corp. (NYSE: CURO) filed a lawsuit in the U.S. District Court for the District of Kansas over alleged violations of Federal Securities Laws by CURO Group Holdings Corp. in connection with certain allegedly false and misleading statements made between July 31, 2018 and October 24, 2018.

Wichita, KS based CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. CURO Group Holdings Corp. went public in December 2017. Shares of CURO Group Holdings Corp. (NYSE: CURO) increased from $13.71 per share in December 2017 to as high as $32.20 per share in September 2018. Since then NYSE: CURO shares declined to as low as $11.30 per share on December 11, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of CURO Group Holdings Corp. (NYSE: CURO) common shares between July 31, 2018 and October 24, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 31, 2018 and October 24, 2018, the CURO Group Holdings Corp. and certain senior executives violated the Securities Exchange Act of 1934 by issuing false and misleading statements, including ongoing financial guidance, relating to CURO's efforts to transition its Canadian inventory of products from "Single-Pay Loans" to "Open-End Loans." More specifically, the plaintiff claims that between July 31, 2018 and October 24, 2018, the Defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with the transition was having on the Company's financial performance and 2018 full-year Company guidance, and that the truth was revealed after the market closed on October 24, 2018, when CURO Group Holdings Corp. announced disappointing financial results for the third quarter of 2018 and substantially reduced its guidance for full-year fiscal 2018.