Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 1, 2020 to file lead plaintiff applications in a securities class action lawsuit against Credit Acceptance Corporation (NasdaqGS: CACC).
Credit Acceptance and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 28, 2020, the Attorney General of Massachusetts filed a lawsuit against the Company for allegedly unfair and deceptive automobile loans it made to thousands of Massachusetts consumers, providing its investors with false and/or misleading information regarding the asset-backed securitizations offered, and for unfair debt collection practices.
On this news, the price of Credit Acceptance’s shares plummeted.
If you purchased shares of Credit Acceptance and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Palm Tran, Inc. Amalgamated Transit Union Local 1577 Pension Plan V. Credit Acceptance Corporation, et al, 20-cv-12698.
Click here to read the case complaint.