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

  • You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of December 17, 2020 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
CURO Group Holdings Corp.
Security
NYSE: CURO

Case Name
CURO Group Holdings Sahreholder Class Action Lawsuit 12/05/2018
Type of Lawsuit
Shareholder Class Action
Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
Curo_Settlement_09_04_2020.pdf
Settlement Proof
Curo_Proof_09_04_2020.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$8,980,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

September 4, 2020 - The court preliminarily approved the settlement.

July 31, 2020 - A stipulation and agreement of settlement was entered by the parties.

December 3, 2019 - The court denied the defendants' motion to dismiss.

August 15, 2019 - A motion to dismiss the consolidated complaint was filed.

May 31, 2019 - A consolidated complaint was filed.

December 5, 2018 - 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.

Date Settled