Credit Acceptance Stock - Investors of CACC Stock Since At Least January 1, 2023 Encouraged to Contact Kehoe Law Firm, P.C.

Credit Acceptance Stock - Investors of CACC Stock Since At Least January 1, 2023 Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

ACCESSWIRE
02 Feb 2023, 09:05 GMT+10

NEW YORK, NY / ACCESSWIRE / February 1, 2023 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Credit Acceptance Corporation ('Credit Acceptance') (NASDAQ:CACC) breached their fiduciary duties to Credit Acceptance and its shareholders.

Kehoe Law Firm, P.C., Wednesday, February 1, 2023, Press release picture

The investigation concerns whether members of Credit Acceptance's board of directors or senior management failed to manage Credit Acceptance in an acceptable manner, in breach of their fiduciary duties to Credit Acceptance, and whether Credit Acceptance and its shareholders have suffered damages as a result.

On January 4, 2023, the Consumer Financial Protection Bureau and the New York Attorney General filed a lawsuit against Credit Acceptance, accusing Credit Acceptance of luring consumers into unaffordable loans and then repackaging those loans into securities, dumping the resulting notes on unsuspecting investors.

INVESTORS OF CREDIT ACCEPTANCE STOCK SINCE AT LEAST JANUARY 1, 2023 ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR CACC SECURITIES.

SHAREHOLDERS OF CREDIT ACCEPTANCE WHO HAVE HELD THEIR STOCK SINCE AT LEAST JANUARY 1, 2023 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

This press release may constitute attorney advertising.

SOURCE: Kehoe Law Firm, P.C.

View source version on accesswire.com:
https://www.accesswire.com/737788/Credit-Acceptance-Stock--Investors-of-CACC-Stock-Since-At-Least-January-1-2023-Encouraged-to-Contact-Kehoe-Law-Firm-PC--Breach-of-Fiduciary-Duties-Investigation

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.

More Information

36 ℉

Fair in Kansas City/Downtown

International

Section

Security concerns behind proposed US ban of TikTok

WASHINGTON D.C.: US House of Representatives Speaker Kevin McCarthy has said that lawmakers will move forward on legislation aimed at ...

In first, US tribal university to offer PhD degree

CROWNPOINT, New Mexico: Navajo Technical University, located on the largest Native American reservation in the US, has become the first ...

Seven dead, ten injured after chocolate factory explodes

WEST READING, Pennsylvania: An explosion occurred at a chocolate factory in Pennsylvania, killing seven people and seeing ten staff members ...

US, Canada looks to close border roads to migrants

OTTAWA, Canada: US President Joe Biden and Canadian Prime Minister Justin Trudeau have announced a plan to close a loophole ...

Migrants found in hot Texas freight train; two die, 10 hospitalized

UVLADE, Texas: Texas police stopped a Florida-bound freight train this week and discovered two migrants had died in a freight ...

Officials confirm 25 dead in Mississippi tornadoes, dozens injured

ROLLING FORK, Mississippi: A powerful tornado has struck Mississippi, killing at least 25 people, injuring dozens, flattening entire blocks and ...

Business

Section