March 1, 2017 - The lead plaintiffs filed a notice of appeal.
January 27, 2017 - The court dismissed the second amended complaint with prejudice and closed the case.

March 30, 2016 - The court granted defendants' motion to dismiss with leave to amend.

February 27, 2015 - The lead plaintiffs filed a second amended complaint on behalf of investors who purchased Regional Management Corporation (NYSE: RM) common shares pursuant and/or traceable to the Registration Statements and Prospectuses issued in connection with Regional Management Corporation’s September 20, 2013 secondary public stock offering and its December 5, 2013 secondary public stock offering and between May 2, 2013 and October 30, 2014. The lead plaintiffs allege that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between May 2, 2013 and October 30, 2014.

August 25, 2014 - The lead plaintiffs and lead counsel were appointed.

May 30, 2014 - An investor in shares of Regional Management Corporation (NYSE: RM) filed a lawsuit in the U.S. District Court for the Southern District of New York against Regional Management Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made in connection with the company’s public stock offerings on September 20, 2013 at $27.50 per share and on December 5, 2013 at $31 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of Regional Management Corporation (NYSE:RM) common shares pursuant to Regional Management Corporation’s public stock offerings on September 20, 2013 at $27.50 per share and on December 5, 2013 at $31 per share, that Regional Management Corporation, certain of its officers and directors and the investment banks that underwrote the Offerings violated the Securities Act of 1933 in connection with preparing and utilizing a materially false and misleading Registration Statement and Prospectuses to conduct the Offerings.

The plaintiff alleges that the Registration Statement and Prospectuses used to effectuate the Offerings allegedly failed to adequately disclose Regional Management Corporation’s increasing deterioration of underwriting standards, leading to higher percentages of delinquencies and loan charge-offs, Regional Management Corporation’s failure to adequately reserve for loan losses, and repeated debt refinancing tactics used to increase loan amounts and interest rates, a practice the U.S. Consumer Finance Protection Bureau was then actively investigating and clamping down on.

The plaintiff also claims that defendants allegedly misstated Regional Management Corporation’s fourth quarter and fiscal 2012 financial reports and failed to report defects in its internal controls and that as these unscrupulous tactics and false financial statements came to light, the stock price declined approximately 50% from what the Offerings were priced at just months earlier.

Regional Management Corporation reported that its annual Total Revenue rose from $86.83 million in 2010 to $170.63 million in 2013 and that its respective Net Income grew from $16.44 million to $28.79 million.

Shares of Regional Management Corporation (NYSE:RM) increased from $13.67 per share in June 2012 to as high as $35.93 per share in January 2014.

On April 29, 2014, Regional Management Corporation announced its first quarter 2014 results.

NYSE:RM shares lost significantly value over the past months and declined to as low as $14.10 per share on May 21, 2014.

On May 30, 2014, Regional Management Corporation (NYSE:RM) shares closed at $14.39 per share.