An investigation on behalf of investors in Credit Acceptance Corporation (NASDAQ: CACC) shares over potential wrongdoing at Credit Acceptance Corporation was announced and NASDAQ: CACC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/19/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Credit Acceptance.
Investors who purchased shares of Credit Acceptance Corporation (NASDAQ: CACC) and currently hold any of those NASDAQ: CACC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Credit Acceptance Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
Southfield, MI based Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. Credit Acceptance Corporation reported that its annual Total Revenue rose from $1.11 billion in 2017 to over $1.28 billion in 2018 and that its Net Income increased from $470.2 million in 2017 to $574 million in 2018.
Shares of Credit Acceptance Corporation (NASDAQ: CACC) declined from $461.74 per share on January 24, 2020 to $435.38 per share on February 12, 2020.
Those who purchased shares of Credit Acceptance Corporation (NASDAQ: CACC), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.